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《大行報告》花旗降數碼通(00315.HK)目標價至8.2元 評級「買入」
阿思達克 09-09 10:16

花旗發表報告表示,數碼通(00315.HK)2019財年純利按年升2.8%(撇除新會計準則下的一次性費用調整之核心純利按年跌6%),高於該行預期1%,但低於市場預期1.3%。

該行稱,在手機及配件銷售下跌拖累數碼通整體收益按年跌15.8%,EBITDA亦跌13.8%。該公司派息比率達75%,管理層預期今年度將可維持穩定派息。該行認為,數碼通是香港手機市場上擁有較佳槓桿的公司,並可能受惠於5G及新iPhone推出,與香港寬頻(01310.HK)的合作關係亦可帶動收入及盈利增長。

花旗認為,由於預期宏觀經濟疲弱及市場競爭,會令數碼通盈利增長受壓,因此該行下調其2020至2021財年盈利預測9%至16%,目標價相應由10.7元下調至8.2元,維持「買入」評級。

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