Group 1 - China Mobile (00941) plans to acquire approximately 14.44% stake in Hong Kong Broadband (01310) for about HKD 1.08 billion, increasing its total holding to 29.9% [1] - This acquisition is expected to enhance China Mobile's competitiveness in the high-profit broadband market, alongside the expansion of its enterprise and residential services [1] - The expansion of the fiber backbone network will support China Mobile's cross-border cloud services and AI initiatives, positioning Hong Kong as a future international computing hub [1] Group 2 - CICC maintains a "Buy" rating on China Mobile with a target price of HKD 88.3 [1]

Core Insights - Hong Kong Telecommunications-SS (06823.HK) has expanded its leading position in the broadband market, with fiber-to-home connections increasing by 3% to 1.055 million [1] - The user base for 2.5G services has grown by 141%, while 5G customer base increased by 21% to 1.894 million [1] - Mobile communication service revenue rose by 5% due to higher roaming income, and enterprise business revenue grew by 11%, securing over HKD 2.2 billion in new project orders in the first half of 2025 [1] Financial Performance - Total revenue increased by 4% to HKD 17.322 billion, while total revenue excluding mobile communication product sales also rose by 4% to HKD 16.311 billion [1] - EBITDA grew by over 3% to HKD 6.380 billion, driven by the application of artificial intelligence to enhance workflow efficiency and optimize costs [1] - Adjusted cash flow increased by 3% to HKD 2.562 billion, and profit attributable to shareholders rose by 4% to HKD 2.070 billion [1] - Basic earnings per share were HKD 0.2732, with an interim dividend of HKD 0.3380 per share [1]