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《大行报告》高盛:内地7月移动电讯复苏势头放缓 固网服务收入持续改善
阿思达克 08-27 14:29
高盛发表研究报告,指出内地电讯行业7月移动电讯复苏势头放缓,固网服务收入持续改善。行业7月份收入按年增3.2%,主要是由於固网增值服务收入按年增长22.7%所带动。移动服务收入按年持平,ARPU为46元人民币,按年跌0.4%。中国移动(00941.HK)及中国电信(00728.HK)公布最新5G套餐上客量分别为8,410万及4,930万,意味5G的渗透率为10.5%。固网服务收入按年增长9.9%,其中数据收入按年下跌1.6%,主要是由於宽带ARPU受压所致。

该行又指,三大电讯公司上半年在5G资本开支上花费880亿元人民币,占年度5G资本开支指引的47.5%,5G基站净增加28.5万个。它们的目标是在今年建造60万个5G基站。

高盛予中电信「买入」评级,目标价3.9元;予联通(00762.HK)「买入」评级,目标价8.2元;予中移动「中性」评级,目标价62元。

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