《大行报告》美银美林料联通(00762.HK)为最受惠5G网络共建共享协议
就联通(00762.HK)与中电信(00728.HK)进行5G网络共建共享合作,签署《5G网络共建共享框架合作协议书》,美银美林认为,两公司合作冀可降低建设5G网络成本及收费,从而避免行业价格战。
该行表示按其敏感度分析,假设中资三大电讯商每年能减省100亿人民币资本开支,若七年投资期及现金流折现率作估算,可提升中移动(00941.HK)、中电信及联通估值各3%、15%及18%,即联通可最为受惠与中电信进行5G网络共建共享合作。
美银美林表示,予中资三大电讯中移动、中电信及联通均为「买入」投资评级,分别予目标价102元、4.9元及12元。
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