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Strong Mobile Growth in China, Special Report by Leading Financial Newsletter Profit Confidential

05-21-2012 07:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Profit Confidential

China,mobile phone growth,mobile market,stock market,michael lombardi,profit confidential

China,mobile phone growth,mobile market,stock market,michael lombardi,profit confidential

China is growing exponentially in the mobile phone sector, according to George Leong, contributor to Profit Confidential; in fact, he suggest the number of subscribers in the country has surpassed one billion.

Leong believes these are exciting times for China’s mobile market, as the regulators, in an effort to increase competitive powers, decided to allow the operation of three major carriers. Leong outlines his reasons in his recent article, China’s Mobile Sector Still Sizzling.

“The adoption of the next generation 3G and 4G networks will also help to drive additional growth in the country’s mobile phone market,” suggest Leong.

About 153 million mobile users are on 3G in China and Leong believes this number will rise to as high as 250 million by year-end.

Leong notes that the top mobile company in the country is China Mobile Limited, with a market cap of around $222 billion. “The stock pays an annual dividend of $2.03 for a current dividend yield of 3.7%, based on the prevailing stock price of $55.36 as of April 30.”

“The company had 667 million subscribers or 67% of all mobile users in China at the end of March,” suggest Leong. “The company is the world’s largest provider of cellular services based on subscribers.”

“Going forward, China Mobile will benefit from the massive mobile market and growth in the 3G and 4G telecommunications area,” suggest Leong.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter.

Profit Confidential
350 5th Avenue, 59th Floor New York, NY 10118

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