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花旗:內地電信業在5G方面的投資今年將迎來高峯期 首選中電信(0728.HK)等
格隆匯 01-20 14:21

花旗發佈報告稱,內地電信業在5G方面的投資將會在今年迎來高峯期,預計總資本開支增長將於今年上升16%,但認為在5G方面的資本開支難以高出市場預期,因為預計相關設備價格的下降幅度或高於預期,並在內地電信板塊中首選中國電信(0728.HK)、中國移動(0941.HK)和中國聯通(0762.HK),而在5G生產鏈中,則看好中國通信服務(0552.HK)及光迅科技。

該行稱,認為內地電信未來兩年的收入和市佔率將會受高端客户、網絡分享及捆綁式服務所帶動,還稱中國移動的移動業務需要更多時間來複蘇,其EBITA或受壓於5G營業費用方面,中國聯通的盈利增長或持續受到挑戰。

該行預計,中國移動、中國電信及中國聯通於今年資本開支為1870億元(人民幣,下同)、910億元及720億元,今年5G的總資本開支將為1530億元,5G基地台收發站價錢將會下降至低於20萬元。該行稱,預計隨着5G用户增長,競爭減少等因素,今年中國電信業的總體服務收入同比增長3.2%。

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