大摩:上調中興通訊(0763.HK)目標價至36港元 評級“增持”
大摩發佈報告稱,上調中興通訊(0763.HK)目標價38.5%,由26港元調高至36港元,維持“增持”評級。
該行稱,武漢是主要收發器及光纖供應商的基地,而其生產設備的工廠主要位於深圳,目前正在進行潛在轉換供應廠方面的努力。
雖然市場意識到內地的5G採購將延遲,該行的調查也認為5G第二階段招標可能推遲到今年第二季,但相信中興獲得的市場份額與4G時代的相近。集團75%收入來自營運商,約15%來自智能手機,該行認為,5G無線網絡的增長潛力來自增加投資規模,以及傳輸及數據通訊範疇的市佔率上升。
該行表示,供應問題相信年內可以恢復正常,認為營運商不太可能減少5G採購,如果政府增加5G基建投資,那麼該行將較看好潛在基建受惠者。

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