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《大行報告》瑞信:中資電訊股首選中移動(00941.HK)和鐵塔(00788.HK)
阿思達克 02-21 15:07
瑞信發表研究報告指,中國電訊市場競爭正逐步減輕,工信部則未有就12月收入數字作公布,但11月的增長數字仍然處於正面區間。 該行指,中移動(00941.HK)於12月新增上客量370萬人次,遠高於其餘兩間電訊商,但用戶人數於1月減少90萬,而聯通(00762.HK)和中電信(00728.HK)分別減少120萬及增加40萬。 該行又指,在5G方面,競爭似乎感覺較溫和,截至1月,中移動擁有670萬戶5G客數,予其「跑贏大市」評級,因其有5G網絡的優勢,及有合理資本回報,股息率亦有5%。中移動股價在過去十二個月累跌19.7%,出現「超賣」情況。 瑞信同時亦維持鐵塔(00788.HK)首選地位,認為其享有5G的優勢,旗下200萬個鐵塔資源租賃提升,能夠增加其盈利和現金流。
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