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野村:香港電訊(6823.HK)去年業績符預期 上調目標價至14.18港元
格隆匯 02-13 11:12

野村研報指,受手機銷售疲弱拖累,香港電訊(6823.HK)去年收入按年下跌5.9%,惟期內純利按年升8.1%至52.17億元,符合市場預期。相信香港電訊作為香港手機及寬頻領域的電訊商龍頭,在一眾香港電訊股中防禦性較強,故重申其“買入”評級,並將目標價由13.65港元升至14.18港元。

又指,集團早前在香港5G頻譜拍賣合共斥5.72億元投得120MHz頻譜,認為其5G頻譜成本較之前的4G有利,而香港電訊計劃今年4月推出5G服務,有望成為香港首家5G服務供應商,料會為客户及手機ARPU帶來潛在上升空間。

野村認為,武漢肺炎爆發將對香港宏觀經濟遭成負面影響,料短期公司企業客户將受壓,但考慮到現時外出意欲低及在家辦公增多,故住宅寬頻及流動通訊服務需求或會有增加。長遠而言,香港企業數碼化趨勢未有改變,因此長期仍看好香港電訊增長前景。

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