汇丰研究:下调数码通(0315.HK)目标价至8.1港元 评级“持有”
汇丰研究发表报告表示,数码通(00315.HK)维持服务费收入在新会计准则下持平,特别是在现时高端服务计划及少数的预付市场受压下,是一个好的表现。期内客户数目升7%,虚拟行动网路(MVNO)于下半年放慢。虽然客户数目增长,但营计成本下降2%,每用户每月平均月费(ARPU)跌4%,主因低收费用户数目上升,而售卖手机及配件的收入亦见下跌。

该行指,目前评估5G对数码通影响仍言之过早,预期拍卖会于第四季开展,并於明年第三季推出服务,公司指会以现有资本开支支付,会发展企业服务,并以5G以改善,但目前仍然是十分早期阶段。
汇丰研究称,降低对数码通收入预期及EBITDA预期,主因成本上升、营运利润下降、及摊销折旧增加的预期,维持“持有”评级,目标价由8.6港元降至8.1港元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.