瑞信:中國鐵塔(0788.HK)四季度純利及派息皆勝預期 維持優於大市評級
瑞信發表研究報吿指,中國鐵塔(0788.HK)去年第四季總收入按年升7.7%,增幅較首三季加速;純利按年升38.2%;當中塔類業務收入按年升4.5%,TSSAL及能源、以及DAS業務收入按年分別升83%及21.8%。該行指,鐵塔第四季純利及派息皆勝預期,維持其優於大市評級,目標價2.05港元。
該行指,隨着中國三大電訊公司完成58萬-60萬個5G基站的部署,並解決了支付方面的糾紛,相信對中國鐵塔2021年的預測可以輕鬆實現。該行續指,儘管鐵塔缺乏與電訊客户的獨立性,但第四季收入的增長預示着5G網絡整合化增長的勢頭。

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