《大行報告》摩通:中移動(00941.HK)可受惠母企與中國廣電共建共享5G 料可成市場贏家
就中移動(00941.HK)公布,母公司中國移動通信集團已與中國廣播電視網絡訂立5G共建共享合作框架協議,雙方將共同投資建設700MHz5G無線網絡,摩根大通發表報告表示,此結果並不令人感到巨大的意外,而中移動管理層曾指出,公司潛在已與中國廣播電視進行合作,該行認為合作可令中移動受惠,股價可迎來正面推動力,料將可成5G通訊市場贏家。
但該行估計,聯通(00762.HK)及中電信(00728.HK)股價會受上述消息所拖累,因中移動藉合作取得更佳的頻譜資源,該行建議買入中移動,維持對其「增持」投資評級及目標價73元。
摩通指,中國移動通信集團與中國廣播電視網絡訂立5G合作,共同投資建設700MHz5G無線網絡,分享2.6GHz網絡, 該行估計兩公司共同投資建設700MHz5G無線網絡比例為1:1,料明年起開始建設,而中國廣播電視網絡將向中國移動通信集團分享2.6GHz網絡。該行料中國廣播電視網絡未來或向中移動2G、4G及5G網絡客戶提供服務。
該行料中移動將可受惠於上述合作,因母公司與中國廣播電視網絡共同投資建設700MHz5G無線網絡,可令其更快地推出更具成本效益的5G服務,特別是使用2.6GHz或3.5GHz的農村區。(wl/k)
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