Investors can purchase China Mobile Ltd , the world's biggest wireless company, at a deep discount to international peers and get a 4 percent dividend while waiting for a turnaround, according to Barron's. In an article for release on Monday, Barron's said China Mobile is a "cheap play" on Alibaba, the Chinese e-commerce giant planning an initial public offering later this year.Alibaba needs China Mobile, because substantial growth in Chinese e-commerce hinges in part on high-speed 4G data networks like the system China Mobile is rolling out ahead of its competitors, which could revive growth."China Mobile has been hampered by an inferior network, but the rollout of 4G has the potential to shift the advantage," said Matthew Ring, an analyst at Pzena Investment Management, in the article.Barron's said China Mobile is currently cheap because the Chinese government, which controls 74 percent of the shares and regulates the company, forced China Mobile to adopt a home-grown wireless technology for its 3G service.
Pzena Investment Management, Inc. is an investment management company. Shares of PZN fell by 1.19% or $-0.12/share to $9.96. In the past year, the shares have traded as low as $5.93 and as high as $12.73. On average, 77829 shares of PZN exchange hands on a given day and today's volume is recorded at 67397.
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