大摩:重申對三大電訊營運商增持評級 首選中國移動(0941.HK)
摩根士丹利發表研究報吿指,中國電訊行業服務收入在首季按年增長6.4%,主要受移動及固網業務,以及去年的低基數所推動。該行預期中國電信(0728.HK)及中國聯通(0762.HK)首季將錄得超過7%的服務收入增長,所有營運商都在其盈利指引的軌道上,重申對三大電訊營運商的增持評級,維持中國移動(0941.HK)為行業首選。
大摩預期,首季行業移動服務收入按年升1.2%,以及因5G投入運營所帶來的穩定ARPU;預期固網服務收入按年升16.3%,主要由於網絡需求及工業互聯網的強勁增長。當中,該行預計中聯通首季總服務收入按年升7.5%;中電信按年升7.1%;中移動按年升5.6%,中聯通及中電信跑贏中移動主要由於在工業互聯網獲得更多曝光。
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