About the DCF for China Mobile
Derek (guest) 29 Apr 2012 13:50
After checking the table of DCF for China Mobile, I found that 200,654 shares had been used. But as checked with the CHL's 2011 financial report, the total shares shall be 20,065,423,246. Therefore if when using 200,65 shares, the fair value per share would be 229.80 RMB per a H-share. That is equivalent to 283.70 HK dollar per a H-share which is equal to 36.37 US dollar per a H-share = 181.86 US dollar per a ADR share. Therefore I would know whether an extra digital of the total share had been taken on calculating the fair value. And the current trading price at $54 is sufficient low as compared with the fair value $181.86 US dollar per a ADR share. Am I right?
