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《大行报告》汇丰研究下调数码通(00315.HK)目标价至4.7元 评级「持有」
阿思达克 09-03 15:34
汇丰研究发表的报告指,数码通(00315.HK)2020财年盈利按年跌24%,主要因为数据漫游服务收入按年跌25%,而用户及流失率均维持稳定,惟低利润的企业服务增长未能抵销数据漫游方面的跌势。期内资本开支增长15%,主要因为公司正准备5G,但公司对财年的资本开支指引维持平稳,并料之後会呈跌势。

该行指出,公司正与爱立信合作拓5G网络,相信受惠爱立信的技术,公司的5G服务可较同业更广,而公司推出5G家居宽频服务,定价每月148,主要针对现时宽频费用高昂或未有光纤覆盖的20-25%用户,相关市场规模达10亿元,认为是聪明的方法加大5G网络的应用。

该行认为公司2020财年EBITDA表现符预期,但经营溢利则低於预期,将公司2021年经营溢利预测降2%,净利预测则降1.4%,目标价由4.8元降至4.7元,评级「持有」。(el/a) ~

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