《大行報告》匯豐研究:中資電訊股受惠5G透明度改善 看好中移動、中電信及鐵塔
匯豐環球研究發表報告指,美國對中資電訊股行政禁令引起的動盪持續,雖然有關股份確認在紐交所除牌及剔出MSCI指數,但與結構性產品及恆指相關的不明朗性仍在。再者,目前未清楚「美國人士」限制對金融中介機構的影響有多大。不過,該行稱「美國人士」對相關股份的沽售部分被其他地區的買入所抵銷,特別是中國南向投資者,而此錯配為股息及價值投資者創造了機會。
該行預期,今年中國5G的資本開支將會增加5%,資本開支的能見度正在改善,且中國及韓國為全球5G部署的領導者,預期至今年底中國的5G應用可達45%,對比同期的4G僅達39%。
匯豐研究料中資電訊股可受惠5G透明度改善,維持對中移動(00941.HK)、中電信(00728.HK)及中國鐵塔(00788.HK)的「買入」評級,目標價分別73元、3.5元及1.7元。至於聯通(00762.HK)評級維持「持有」,目標價5.4元。該行又預期中移動今年股息持平,意味股息收益率為7.3%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.