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《大行报告》花旗降数码通(00315.HK)目标价至8.2元 评级「买入」
阿思达克 09-09 10:16

花旗发表报告表示,数码通(00315.HK)2019财年纯利按年升2.8%(撇除新会计准则下的一次性费用调整之核心纯利按年跌6%),高於该行预期1%,但低於市场预期1.3%。

该行称,在手机及配件销售下跌拖累数码通整体收益按年跌15.8%,EBITDA亦跌13.8%。该公司派息比率达75%,管理层预期今年度将可维持稳定派息。该行认为,数码通是香港手机市场上拥有较佳杠杆的公司,并可能受惠於5G及新iPhone推出,与香港宽频(01310.HK)的合作关系亦可带动收入及盈利增长。

花旗认为,由於预期宏观经济疲弱及市场竞争,会令数码通盈利增长受压,因此该行下调其2020至2021财年盈利预测9%至16%,目标价相应由10.7元下调至8.2元,维持「买入」评级。

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