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《大行報告》大和微升中電信(00728.HK)目標價至3.94元 評級「買入」
阿思達克 04-15 10:21
大和發表研究報告,指中電信(00728.HK)為武漢新建的醫院推出5G服務,以促進醫院的遠程醫療諮詢服務。公司還提供免費的雲會議、雲教室、雲存儲等服務,以確保在停課期間仍可繼續教學。

該行認為,在疫情期間可見,遠程醫療、雲教育及視像會議很可能成為5G的主要用例。而公司似乎亦正推動其5G研發工作,在去年領導了42個5G國際標準化項目,並在研發方面投入更多資源,研發人員佔其勞動力約3.9%,較2017年的0.7%提升。

該行預期今年首季的業績表現疲弱,因為在疫情之下,成本增加的同時亦會影響收入復甦,籵期內盈利按年下跌37%,服務收入下跌3.5%,服務EBITDA利潤率下跌2.4個百分點。另外,該行微調公司2020至2022年的盈利預測,目標價由原來的3.92元微升至3.94元,重申「買入」投資評級。

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