富瑞予长和(0001.HK)“买入”评级目标价102港元
富瑞发表研究报告指,长和(0001.HK)上半年盈利平稳,相信其电讯业务重组可有助释放公司的资产价值,或可引致资产分拆出售。富瑞又提到,中国零售同店销售复升确认该行相信零售业务或会被分拆的预期,予长和“买入”评级及目标价102港元。
报告指,长和早前成立两间公司以整合其电讯资产,虽然管理层否认准备出售资产,不过富瑞认为新的企业结构将提供公司更多的灵活性去出售资产。就早前Vodafone宣布重组欧洲的电讯发射站资产并有可能出售被市视为正面讯息,富瑞相信,对在欧洲6个市场有近2.85万座电讯发射站资产的长和亦有助释放资产价值。
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