《大行報告》野村下調中通服(00552.HK)目標價至5.05元 評級「買入」
野村發表報告,將中通服(00552.HK)2021年至2022年收入預測提高3%至4%,同時將盈利預測降低2%至8%,因為短期內非電訊行業利潤率預測下調,重申「買入」評級,目標價由6.2元下調至5.05元。
野村指,中通服上半年收入和盈利按年增長分別19%和14%。來自內地電訊公司的收入按年健康增長10%,內地非電訊部門的收入按年強勁增長34%,達到總收入的46%。應用、內容和其他服務部門的收入按年增長25%。該行相信中通服正在優化收入結構,實現更好的客戶多元化,這應有助於其從中國持續的數字轉型趨勢中受益,而毛利率擴張可能需要更多時間實現。
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