瑞銀:上調中電信(0728.HK)評級至“買入” 推薦聯通(0762.HK)
瑞銀髮表研究報告,認為中國電信(0728.HK)
和中國聯通(0762.HK)
共同建設國家5G網絡,是清晰顯示出中國電訊業的資本支出正在受到控制。根據該行對環球電訊業發展的評估,認為在推行4G期間,在其4G推出期間,網絡共享可顯著節省資本支出,佔銷售高達4至5個百分點。
報告指,在潛在調低資本支出下,該行認為內地電訊商值得擁有高於歷史平均水平的EV/EBITDA。瑞銀將中電信評級由“
中性
”升至“
買入
”,目標價由4.6港元升至4.8港元;該行較推薦聯通,維持評級“
買入
”,目標價由10港元升至11.2港元,至於中移動(0941.HK)
及中國鐵塔(0788.HK)
則分別維持“
買入
”及“
中性
”,續予目標價85港元及1.92港元。
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