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《大行報告》花旗:聯通(00762.HK)上季純利遜市場預期 但料本季收入良好增長
阿思達克 10-22 10:57
聯通(00762.HK)昨(21日)股價抽高11.1%後,公司昨收市後公布第三季盈利升10.2%,但今早股價急吐9.7%報5.42元。花旗發表報告表示,聯通(00762.HK)公布今年第三季純利33億元人民幣按年升10.5%,低於市場預期5.3%,主要是來自固網業務服務收入較預期低,而公司季內收入按年升3.9%。

該行指,聯通第三季EBITDA利潤率32.3%,對比今年上半年32.9%,指EBITDA利潤率保持定,基於5G快速推進,公司第三季旗下網絡營運成本按年升8.6%。

花旗預計,聯通今年第四季可受惠於移動業務ARPU進一步復甦所推動,料本季收入將實現良好增長,由於5G網絡的增強以及數字化和智能化轉型需求的增長,推動工業互聯網業務發展勢頭呈強勁,公司通過與中電信(00728.HK)共享5G網絡,以實現成本協同效應,可以改善收益增長前景,該行維持聯通「買入」評級及目標價7.6元。

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