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花旗:降中通服(0552.HK)目标价至7港元 评级“买入”
格隆汇 08-28 12:31

花旗报告指中通服(00552.HK)中期盈利17亿元人民币,按年增长7.3%,大致符合该行及市场预期。期内,收入按年上升10.4%,当中有2.1%的收入增长来自电讯营运商。国内非电讯业务收入按年增长28.5%。

该行指,虽然2019财年的毛利率表现将会因为电讯公司定价压力及於非电讯业务的投资而受压,但相信非电讯业务发展及5G业务将会令公司未来两年的收入及盈利增长加快。

在毛利率下跌的预期下,花旗将中通服2019至2021财年盈利预测分别下调2%至5%,维持其“买入”投资评级,目标价由原来的8.3港元下调至7港元。

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