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花旗下调中国电信(0728.HK)目标价至3.9港元维持“中性”评级
格隆汇 08-23 10:09

花旗发表研究报告称,中国电信(00728.HK)上半年纯利139亿元人民币,较该行预期高9%。单计第二季,集团的移动服务收入同比增长5.4%,固网服务收入下降1.8%。基于固网业务竞争及5G对盈利增长带来不确定性,该行维持对其“中性”评级,目标价则下调11.4%,由4.4港元调低至3.9港元。

该行指出,中电信管理层表示考虑与中国联通(00762)共建共享5G网络,深入共享有助节省资本开支及营运成本。该行认为,网络共享即使未能助中电信及中联通在资本开支方面节省庞大的金额,也有助提升5G网络质素。  

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