《大行報告》摩通降香港寬頻(01310.HK)目標價至11元籲低吸 看好香港電訊(06823.HK)
摩根大通發表研究報告,指本港流動通訊市場維持穩定,更多較經濟5G計劃出臺,過去一年寬頻市場競爭則加劇。受惠5G貢獻,上半年本地營運商流動收入趨勢輕微改善,但較小型流動營運商在頻譜攤銷下面對更大盈利壓力。
報告稱,香港電訊(06823.HK)繼續爲該行喜好股份,股息收益率約7%,未來每股分派穩定增長亦具高可見度。另即使香港寬頻(01310.HK)長期股息可持續性較香港電訊相對不確定,在近期股價回調後,其股息收益率約9%屬十分高。該行下調香港寬頻目標價由13.5元降至11元,以反映對住宅業務預期下調,以及WTT/JOS合併的協同效應,並建議在股價弱勢收集香港寬頻,評級「增持」。該行並予香港電訊「增持」評級,目標價維持13元。
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