Zacks Analyst Blog Highlights: China Mobile, China Unicom, China Telecom, Chevron Corp. and Transocean Ltd.

For Immediate Release

Chicago, IL – August 17, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: China Mobile (CHL - Analyst Report), China Unicom (CHU - Analyst Report), China Telecom (CHA - Analyst Report), Chevron Corp. (CVX - Analyst Report) and Transocean Ltd. (RIG - Snapshot Report).

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Here are highlights from Friday’s Analyst Blog:

CHL Updates 3G Subscriber Target

China Mobile (CHL - Analyst Report), the largest wireless operator in the world by customer, has announced its updated 3G subscriber target. The company expects to amass roughly 80 million 3G customers within 2 years of the first phase of commercial service rollouts. This will enable the wireless giant to capture approximately one-third of the Chinese 3G market. However, the new subscriber target represents a decline from the original guidance of 100 million, largely due to intense competition.

China Mobile remains the leading player in the Chinese wireless market with 70% market share, leapfrogging the second placed China Unicom (CHU - Analyst Report). However, the overhaul of the Chinese telecom industry in late 2008 has intensified the competitive scenario in the domestic wireless market with the addition of a new market entrant China Telecom (CHA - Analyst Report).

Upbeat on Chevron

Chevron Corp. (CVX - Analyst Report) inked a five-year contract with Transocean Ltd. (RIG - Snapshot Report) for the use of a newly built ultra-deepwater drillship, Discoverer Clear Leader, in the Gulf of Mexico.

The state-of-the-art vessel is the first of two new drillships to be commissioned for Chevron. The second vessel, Discoverer Inspiration, is expected to be ready in early 2010.

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