An Undervalued Chinese Dividend Stock

Posted by D4L | Thursday, November 18, 2010 | | 0 comments »

In spite of this week's 2% pullback, the S&P is up almost 15% since September 1st. So we went looking for foreign dividend paying stocks that haven't advanced as much as the general market, but still have strong metrics, low debt, and good growth prospects for next year.

We came up with China Mobile, (CHL), a dividend stock which is also the biggest mobile firm in the world. With over 522.283 million customers, China Mobile has the world's largest mobile customer base, and dominates the Chinese mobile market. It has a market share of approximately 70.6% in Mainland China. The Group's GSM global roaming services covered 237 countries and regions and its GPRS roaming services covered 182 countries and regions.

Source: Seeking Alpha

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