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信達國際:京信通信(2342.HK)將迎重估機會 予目標價2.2港元
格隆匯 12-27 13:04

信達國際發佈報告稱,京信通信(02342.HK)股價仍處於去年10月至今的上升軌,如果可在成交配合下向上突破,股價有機會上試高位,短線目標價看2.2港元,即較現價有約一成的上升空間。

該行稱,集團今年上半年業績扭虧為盈,淨收益8221萬港元,主要受惠收入同比增11.4%至27.5億港元。該行還稱,該股現價相當於2020年預測市盈率12.8倍,較過去5年平均18倍估值折讓28%,隨着電訊設備行業將迎來新一輪上升週期,而集團產品受惠5G發展,預計其可獲重估機會。

該行表示,目前的5G網絡會由現有的2G、3G及4G作優化,故基站優化需求大。因應視頻、遊戲及家居設備物聯網的崛起,未來80%的用户數據使用量都會來自室內,考慮到5G網絡的天線需求量是4G網絡的4倍,才能支援原覆蓋區域的數據用量,為5G室分系統帶來更強的實際需求,有利集團業績復甦。

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