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野村:數碼通(0315.HK)業績勝預期 維持中性評級及目標價5.1港元
格隆匯 09-02 15:36

野村發表研究報吿指,數碼通電訊(0315.HK)全年盈利按年升17%至4.45億港元,勝該行及市場預期,主要由於手機銷售優於預期;總服務收入按年跌5%至43.4億元,主要由於漫遊服務仍然逆風,單計本地服務收入按年升2%。該行維持其中性評級,目標價5.1元。

野村指,公司手機及配件銷售按年跌1%至23.8億元,較上半年的42%跌幅有所改善,主要受惠於5G手機的滲透率持續上升。另外,公司的EBITDA按年升1.2%至24.6億元,EBITDA利潤率按年升3.6個百分點,主要由於更好成本控制效率及生產力上升。野村相信數碼通的本地服務正逐步回升,5G客户遷移令每用户平均收入(ARPU)上升,不過認為其漫遊業務的逆風將持續。

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