China mobile (CHL, quote) rallied the most in three months last night in Hong Kong on the back of an upgrade from Daiwa but is also getting pulled higher by better than expected earnings from China Telecom.china-mobile

China mobile, which announced less than stellar results themselves last week, is one of the most heavily shorted stocks in Asia and is starting to see some interest from global institutions again. 

China Mobile traffic is growing and while we would like to see better trends in ARPU (average revenue per user), we are convinced that 4G rollout in China is finally going to be a tailwind for China Mobile.                                                  


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