《大行報告》美銀證券料中國鐵塔(00788.HK)下半年收入增長將回升 重申「買入」評級
美銀證券發表報告,指中國鐵塔(00788.HK)即將公布首九個月數字,相信會公布5G詳情,預期收入增1.6%,並相信鐵塔業務收入會在下半年上升。
該行指,5G基站安裝於新的鐵塔上,由租戶完全付款,如果5G基站安裝在現有基站,租戶只需付10%或30%費用,而5G推出後,預期有一半新基站會安裝在現有基站上,而租戶亦不需繳付全費,但一旦需要安裝新鐵塔,則需要付全費。
該行予中國鐵塔「買入」評級,目標價2.2元,以反映公司的主導地位、租戶收入提供持續的收入增長、出租率對比地區同業仍然低、自由現金流改善、高派息比率和5G推出會增加需求。
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