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《大行报告》汇丰研究:中资电讯股受惠5G透明度改善 看好中移动、中电信及铁塔
阿思达克 01-13 14:27
汇丰环球研究发表报告指,美国对中资电讯股行政禁令引起的动荡持续,虽然有关股份确认在纽交所除牌及剔出MSCI指数,但与结构性产品及恒指相关的不明朗性仍在。再者,目前未清楚「美国人士」限制对金融中介机构的影响有多大。不过,该行称「美国人士」对相关股份的沽售部分被其他地区的买入所抵销,特别是中国南向投资者,而此错配为股息及价值投资者创造了机会。

该行预期,今年中国5G的资本开支将会增加5%,资本开支的能见度正在改善,且中国及韩国为全球5G部署的领导者,预期至今年底中国的5G应用可达45%,对比同期的4G仅达39%。

汇丰研究料中资电讯股可受惠5G透明度改善,维持对中移动(00941.HK)、中电信(00728.HK)及中国铁塔(00788.HK)的「买入」评级,目标价分别73元、3.5元及1.7元。至於联通(00762.HK)评级维持「持有」,目标价5.4元。该行又预期中移动今年股息持平,意味股息收益率为7.3%。

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