《大行報告》花旗:中移動5G基站中標價跌30% 料聯通及中電信稍後招標可受惠
花旗近日發表報告指,中移動近期公布旗下28個省第二階段5G機站招標結果,承建每個5G基站平均價格為18萬人民幣,對比2019年介乎25萬至30萬元人民幣(最高按年跌逾30%),亦低於市場原預期20萬元人民幣,反映中移動成本控制及議價能力。
該行表示,據中移動招標結果,華為取得57.7%投標市場份額、中興(00763.HK)及愛立信各取得28.9%及11.1%相關市場份額。該行認為,中移動今次5G基站招標作價結果對中資電訊營運商影響正面,因5G基站建設的資本開支預算會較低,料聯通(00762.HK)及中電信(00728.HK)稍後招標作價與今次中移動相近。
該行估計中移動今年可增加30萬至35萬個5G基站,按目前每個5G基站的建設作價,料其今年5G資本開支將可較原預算為少。該行予中移動「買入」評級及目標價78元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.