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《大行报告》摩通料中资电讯股首季盈利增长良好 估中移(00941.HK)多赚逾4%
阿思达克 04-16 15:31
摩根大通发表报告表示,中国铁塔((00788.HK)、中移动(00941.HK)、联通(00762.HK)、中电信(00728.HK)将分别於4月19日、20日、21日28日发布今年首季度业绩,虽然估计中资电讯股首季EBITDA毛利率仍然受压,但预计相关公司营收和盈利增长均会录得良好表现。而按当前水平,相比中国铁塔,该行在行业中较偏好电讯营运商。

该行预料中国铁塔和中国联通於今年首季收入将实现双位数增长,估计中移动和中电信的收入将实现中低个位数或中个位数的增长;尽管估计EBITDA表现疲软,该行料联通首季收入增长会受到财务费用减少和联营收益所占份额的增加所带动。

摩通估计中移动今年首季纯利录245亿人民币,按年升4.3%;EBITDA按年升3.1%至707亿人民币;总体收入按年5.4%至1,780亿人民币。

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摩通列出对中资电讯股今年首季业绩预测:

股份│今年首季纯利预测│按年变幅

中移动(00941.HK)│245亿人民币│+4.3%

联通(00762.HK)│36亿人民币│+13.4%

中电信(00728.HK)│61亿人民币│+4%

中国铁塔(00788.HK)│17亿人民币│+18.5%

股份│今年首季收入预测│按年变幅

中移动│1,920亿人民币│+5.9%

联通│805亿人民币│+9%

中电信│1,012亿人民币│+6.8%

中国铁塔│212亿人民币│+7.5%

股份│今年首季EBITDA预测│按年变幅

中移动│707亿人民币│+3.1%

联通│236亿人民币│持平

中电信│307亿人民币│+1.8%

中国铁塔│156亿人民币│+7.1%

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