《大行报告》野村下调中通服(00552.HK)目标价至7.2元评级「买入」
野村发表研究报告指中通服(00552.HK)可以於下半年受惠5G基建,因公司在中移动(00941.HK)今年较早时的首次基建项目投标中标最多,虽然面对竞争及价格压力,但相信公司仍可保持市场领导地位,而国企改革亦或有助公司释放其通讯服务领导地位的潜能,但因短期利润受压,略调降2019-20年盈利预期2%-3%,重申「买入」评级,目标价由7.5元降至7.2元。
该行指,公司於过去数年成功扩张其客户类别及服务,但面对人工成本和定价压力,带来短期的利润影响,不过相信5G可继续成为公司长远的增长动力。
该行又指,因应政府推动共享5G建设以降低成本,短期减少工程数目,但亦带动对效率和成本的需求,令未来行业的整合的可能增加,而公司的市场领导地位有助长远跑赢市场。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.