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《大行報告》摩通:即使中電信(00728.HK)在美國營運授權遭撤銷 財務影響亦非常有限
阿思達克 04-14 10:49
摩根大通發表研究報告,指出基於對國家安全的考慮,一些美國政府機構正敦促美國聯邦通信委員會撤銷中電信(00728.HK)在當地的營運許可。該行指,中電信早在2000年代初已在美國開展業務,主要是集中企業客戶。

摩通認為,即使終止在美國的營運,對於中電信的財務影響似乎很小,估計其收入中只有低單位數佔比來自其超過100個國家的海外業務,而美國的營運只是其中一部分。

該行維持公司「增持」投資評級,目標價4.3元。由於4G的策略清晰、執行力強大及價值鏈的追趕,預期4G的勢頭會持續。與聯通(00762.HK)的合作應有助於改善成本協同效應,並更快地趕上網絡質素。

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