《大行报告》瑞银:铁塔(00788.HK)收入增长改善 具备重估潜力
瑞银发表报告表示,预期内地5G发展下,电信业务收入将长期支持中国铁塔(00788.HK)稳定增长,维持对其「买入」评级及目标价2.26元。
该行指,中国铁塔管理层在电话会议中透露,随着电信公司将其5G覆盖范围扩展到更偏远的地区,将需要建设更多新基站,对公司电信业务租金增长有正面影响,料未来收入会以可持续稳定速度增长。
瑞银指出,中国铁塔承诺若有足够的自由现金流,便会向董事会提出提高派息比率的建议,考虑到基本面处於低位,相信随着收入增速持续改善,中国铁塔有重估潜力。
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