0435 GMT - China Mobile's profit is likely to be weighed by an underlying decline in the industry, says Morningstar's Dan Baker in a note, after the telecommunications service provider posted a fall in its 1Q profit. China's telecommunication services market, which includes mobile and broadband, is likely largely saturated, suggesting services revenue could fall. A shrinking population could also weigh. This fall is likely to be exacerbated by value-added tax increases that started this year, the analyst adds. Nonetheless, China Mobile's 1Q operating cash flow was a bright spot, as it doubled thanks to a large gain in accounts payable. Morningstar retains its fair-value estimate at HK$94.00. Shares rise 0.1% to HK$83.95. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 27, 2026 00:35 ET (04:35 GMT)

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