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《大行報告》高盛:內地7月移動電訊復蘇勢頭放緩 固網服務收入持續改善
阿思達克 08-27 14:29
高盛發表研究報告,指出內地電訊行業7月移動電訊復蘇勢頭放緩,固網服務收入持續改善。行業7月份收入按年增3.2%,主要是由於固網增值服務收入按年增長22.7%所帶動。移動服務收入按年持平,ARPU為46元人民幣,按年跌0.4%。中國移動(00941.HK)及中國電信(00728.HK)公布最新5G套餐上客量分別為8,410萬及4,930萬,意味5G的滲透率為10.5%。固網服務收入按年增長9.9%,其中數據收入按年下跌1.6%,主要是由於寬帶ARPU受壓所致。

該行又指,三大電訊公司上半年在5G資本開支上花費880億元人民幣,佔年度5G資本開支指引的47.5%,5G基站淨增加28.5萬個。它們的目標是在今年建造60萬個5G基站。

高盛予中電信「買入」評級,目標價3.9元;予聯通(00762.HK)「買入」評級,目標價8.2元;予中移動「中性」評級,目標價62元。

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