《大行報告》美銀證券:中移動(00941.HK)上半年純利符預期 維持「買入」評級
美銀證券發表研究報告,指出中移動(00941.HK)上半年營業收入按年持平,錄3,899億元人民幣。EBITDA為1,457億元人民幣,按年減少3.6%。純利558億元人民幣,按年持平。在營業收入中,該行注意到電訊服務收入為3,582億元人民幣,按年增長1.9%,而產品銷售收入為316億元人民幣,按年減少16.8%。該行表示,其純利表現符合市場預期。
該行指出,公司在今年初就5G業務設定7,000萬淨上客目標,而在首六個月,公司已淨上客7,000萬,100%完成其全年目標。同時,注意到其銷售費用按年下跌8.7%,意味公司不必再花大量營銷費用來增加5G用戶增長。另外,預料公司會在第三季尾至第四季初對5G基站進行另一輪集中採購,而公司維持2020財年的資本開支指引。維持中移動「買入」投資評級,目標價90元。
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