大摩中国铁塔(0788.HK)上半年盈利逊预期重申“增持”评级
摩根士丹利发表研究报告,指出中国铁塔(0788.HK)
第二季的收入及EBITDA分别增长0.9%及2.4%,均低过该行预期。然而,由于营运商在5G资本开支周期前收紧了成本控制,因此第二季的表现疲弱是在市场的预期之内。至于上半年公司盈利按年增长111%至25亿元人民币,同样较该行预期低4.3%,意味第二季盈利12.6亿元人民币,按年增长52%,低于该行预测的13.8亿元人民币。
大摩认为,5G网络部署的潜在加速会是铁塔的催化剂,重申公司“
增持
”投资评级,目标价2.5港元。
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