《大行報告》瑞信內地快將發5G牌照利好鐵塔(00788.HK)維持「跑贏大市」評級
瑞信發表研究報告,指新華社公布工信部將於不久的將來發放5G牌照,在目前的氣氛下,該行認為這是一個信號,表明中國不會推遲5G出台。
該行認為,鐵塔(00788.HK)是中國5G過度投資下的贏家,因為旗下200萬座鐵塔出租率料上升,加上隨著密集的5G網絡推出,小基站業務將有所增長,該行維持鐵塔「跑贏大市」評級,目標價2.55元。
而中移動(00941.HK)則是發放5G牌照的輸家,但相信已反映於股價當中,加上中移動專注於國內業務,估值不貴,資產負債表強勁,認為是防守之選,給予「跑贏大市」評級,目標價84.5元。而中電信(00728.HK)及聯通(00762.HK)則給予「中性」評級,目標價分別為4.33元及10.3元。
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