中金:維持中聯通(0762.HK)“跑贏行業”評級 服務性收入呈好轉態勢
中金公司發佈報告稱,中國聯通(00762.HK)發佈第三季度業績,收入同比增長2.2%至722億元,其中服務性收入同比持平,呈好轉態勢。
中國聯通計劃今年將建成超過4萬個5G 基站,目前已完成2.8萬個基站建設,該行認為聯通與電信的共建共享並不會影響今年5G的基站建設量。預計明年隨着5G組網大規模增加,資本開支上行將給公司現金流帶來壓力。長期看,5G服務的推行將幫助運營商推動移動業務的ARPU值回升,並帶來更多產業互聯網的創新應用,從而緩解運營商收入端的增長壓力。
該行表示,保持中國聯通A股“中性”評級,目標價6.4元;保持其港股“跑贏行業”評級,目標價9港元。
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