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BNP Paribas believed that CHINA MOBILE (00941.HK)  -0.900 (-0.929%)    Short selling $140.19M; Ratio 8.803%   's 4G investment cycle will reached the peak level in 2014 and 2015 and the capex in 2016 will be decreased significantly.

The broker predicted that China Mobile's data contribution in overall ARPU will exceed 50% in 2015, which is a turning point, since data ARPU growth will outplace the decline of voice ARPU, leading to overall ARPU expansion. The target price was raised from $92 to $115 and the rating was upgraded from Hold to Buy.

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