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《大行報告》摩通上調數碼通(00315.HK)目標價至4元 評級「減持」
阿思達克 09-03 10:33
摩根大通發表報告指,數碼通(00315.HK)截至今年6月底止2020財年業績顯示,高毛利率的漫遊收入於下半財年受到旅遊限制的顯著影響。由於頻譜成本或嚴重影響2022財年起的盈利,該行預期集團有大幅削減派息的風險。

摩通估計,由2022財年起,重新定價的4G頻譜相關成本,對數碼通盈利的影響將每年有20%的顯著增長。由於盈利惡化,預計集團股息會受壓,料其2021/22財年的股息收益率將為4.1%及3.8%。

該行維持數碼通「減持」評級,目標價由3.8元上調至4元。於香港電訊業中,摩通喜好香港電訊(06823.HK)、電盈(00008.HK)及香港寬頻(01310.HK),因三企較少漫遊業務,且有達6%至7%的高股息收益率。

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