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Sales growth is “stabilizing” at China Mobile (CHL) and the company is set to benefit from continued 4G expansion in China, Nomura analysts said in an upgrade note released Tuesday. “We suggest investors buy China Mobile for its ramp-up of 4G subscriber adoption, stabilizing revenue growth and (average revenue per user) improvement,” wrote Nomura analysts Leping Huang and David Hao. Nomura raised its rating to buy from neutral and boosted its Scalper1 News
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