《大行报告》野村下调中移动(00941.HK)目标价至96元评级「买入」
野村发表报告指,料内地5G网络将於今年加快发展,中移动(00941.HK)盈利能力将自下半年起录得改善,由於竞争减弱及5G业务潜在变现。报告称,中移动虽上半年面对盈利压力,该行仍偏好中移动,由於在5G业务投资期,在带来稳定增长上有良好定位。
该行预计,中移动上半年服务收入按年倒退2%,盈利按年倒退7%,降2019年至2021年盈测0.3%至4.7%,以反映数据收费下调之即时影响。野村称,以现金流折现率计,中移动目标价相应自100元下调至96元,维持予「买入」评级,并为内地电讯股首选。
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