China Mobile stock slides after Goldman Sachs downgrade as 5G build outlook cools
China Mobile Ltd dropped 2.1% to HK$78.50 at Monday’s close, after Goldman Sachs pulled its rating to “Neutral” from “Buy” and slashed the target to HK$88—down from HK$105. The brokerage flagged signs of cooling in 5G telecoms services growth, noting its latest checks show new 5G base-station rollouts could slow to 540,000 in 2026 and 500,000 in 2027, which would be 8% and 7% lower, respectively, year-on-year.
