《大行報告》花旗:中資電訊股今年資本開支及盈利指引令人驚喜
花旗發表報告表示,中資電訊股去年業績大致符合預期,並指今年資本開支及盈利指引令人有意外驚喜。該行指,中移動(00941.HK)去年純利符預期、中電信(00728.HK)純利輕微低預期,但公司對今年資本開支及盈利指引均正面。
該行指,中資電訊股今年資本開支指引按年升12%,中移動及中電信將各升8.4%及9.6%,聯通(00762.HK)更按年升24.1%,中資電訊股今年5G網絡總體資本開支共1,560億人民幣,低於市場預期。
花旗表示,中資電訊股現金回報持續改善,中移動去年分派比率按年升7個百分點至56%。中電信去年派息按年持平及派息比率為44%。而聯通去年派息比率40%(按年持平),但每股派息則按年升10%。
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