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中金:維持中國鐵塔(0788.HK)“跑贏行業”評級 目標價2.5港元
格隆匯 10-21 17:41

中金髮布報告稱,中國鐵塔(00788.HK)公佈2019年三季度業績:收入同比增長4.1%至190.6億元;EBITDA為139.6億元,在剔除IFRS16影響的可比口徑下,同比增長2.9%至111.3億元(EBITDA率環比提升0.8個百分點);淨利潤同比增長76.4%至13.3億元,淨利潤率同比提升2.8個百分點。

三季度鐵塔的跨行業業務收入同比增長70.1%至5.1億元,環比提升21.3%。認為跨行業業務正在逐步恢復增長動能。一方面,鐵塔繼續發揮站址資源優勢,深入挖掘垂直行業應用需求,為物聯網設備、邊緣雲計算設備提供空間服務,自6月成立鐵塔智聯子公司以來,陸續與十餘個跨領域產業夥伴簽署戰略協議。另一方面,公司開始探索能源業務潛力,佈局發電、 備電、換電、售電等業務,9月中國鐵塔已在全國約30萬基站的備電領域使用梯次電池量約4Gwh,認為隨着鐵塔能源子公司 的能源業務加速發展,將為5G 基站的能源改造提供低成本解決方案。因此,預計鐵塔的跨行業業務仍將保持好轉趨勢。

該行表示,維持“跑贏行業”評級和2.5港元目標價。

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