大摩:關注香港電訊(6823.HK)出售子公司作價 重申“增持”評級
市傳香港電訊(6823.HK)正考慮出售旗下PCCW Global,摩根士丹利認為交易對香港電訊是否正面,須取決於作價,若參考過去同業類似交易,即Zayo Group Holdings售予兩間投資公司及Level 3 Communications Inc售予CenturyLink,作價約為前瞻性內含價值/EBITDA的10-11倍,與香港電訊現時10倍的內含價值/EBITDA相若。
大摩現時給予香港電訊的目標價為14港元,投資評級為“增持”。
《彭博》昨天引述知情人士報道,香港電訊正考慮眾多選項,包括出售旗下PCCW Global,而有關業務估值可能高達10億美元,料可吸引其他電訊公司及私募股權基金競投。香港電訊發言人表示,不評論市場傳聞,但強調PCCW Global是香港電訊業務重要的一環。

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