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NewswireToday - /newswire/ -
New York, NY, United States, 08/27/2007 - Recent performance of CHINA MOBILE (NYSE:CHL) provides basis for CFC’s China Business Watch to increase stock’s SAQ Rating to 7.0, the survey’s highest current ranking.
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China Finance Centre, the New York based multimedia and trade exposition center expanding business ties between China and the United States, has announced that it has increased its SAQ Ratings of CHINA MOBILE (NYSE:CHL) to 7.0, the highest current rating in the survey . The SAQ Ratings are set by editors of China Business Watch, the CFC publication that rates the performance of China based companies. An SAQ Rating of 6.0 or higher identifies s stock as a leading performer among companies located or with significant operations in China.
The Beijing-based company is the world’s largest wireless operator and China’s dominant mobile phone carrier. China Mobile recently reported a 35.5% increase in value-added service revenue that helped maintain its average revenue per subscriber, even as average voice revenue per minute dropped 19.3%. The company announced that its first-half profits rose 25.7 percent from a year earlier on strong growth in value-added services. Earnings totaled 37.9 billion yuan ($5 billion) in the six months ending June 31, China Mobile announced. It said revenues grew 21.6 percent to 166.6 billion yuan ($21.9 billion). Revenues for value-added services jumped by 35.5 percent to 41.9 billion yuan ($5.5 billion).
The Statistical Analysis Quotient Rating (SAQ) Service is an exclusive feature of China Finance Centre that monitors the performance of over 300 stocks of companies with operations in China. The SAQ Report tracks and rates the stocks against a matrix of comparative performance factors, including fundamentals, technical analysis, liquidity, safety, regulatory compliance and timely filings, shareholder relations, and U.S. Trading Market Qualifications. The SAQ rates company performance on a 1-10 scale. SAQ Ratings are published weekly in China Business Watch and updated daily in CBW Daily Ratings Alert service.
About China Finance Centre (CFC)
China Finance Centre (CFC) is a first of its kind, permanent conference/trade exposition facility, specifically designed to assist, increase and expand investment and business opportunities between China and the U.S. CFC has been developed as a world class, state of the art China Business Exposition- Conference Center and information resource using operations centers both on Wall Street and in mid-town at Rockefeller Center in New York City.
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