The truth about North Water selling China Mobile is revealed | Tang Niu
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The three major Chinese telecommunications companies announced that starting from January 1 of this year, the value-added tax rate for mobile data, SMS, and MMS services will be adjusted from 6% to 9%. This adjustment will affect revenue and profits, leading to a decline in China Mobile's stock price. In the short term, investors are advised to exit, as the profit decline may impact dividends; medium-term investors may consider holding, with the current price forecasted to yield a dividend rate of 7 cents
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