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富瑞:維持鐵塔(0788.HK)“持有”評級 目標價1.93港元
格隆匯 10-14 16:43

富瑞發表研究報告指,中國鐵塔(0788.HK)即將發表第三季度業績,預期公司未來兩季表現將勝市場預期,惟其長遠股價上行空間有限,維持“持有”評級,目標價為1.93港元。

富瑞表示,中國鐵塔將於本週五(18日)收市後公佈第三季度業績,預測公司季內收入將按年增長7.5%,而IFRS 16前基準的EBITDA及淨利潤則分別升8.8%及166%。富瑞對鐵塔下半年營運溢利的預測比市場平均預測高4%,而純利預測更高出約29%,主要是估計低於預期的資本開支可推低利息支出。

雖然中國鐵塔的股價已大幅調整,由7月5日高位累跌大約19%,但富瑞相信受內地電訊商擬共建共享5G網絡等因素影響,鐵塔股價長遠上行空間依然有限。

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