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《大行報告》匯豐研究上調中移動(00941.HK)目標價至68元 評級「買入」
匯豐環球研究發表報告指,中移動(00941.HK)於1月5日在A股上市,公司現時的股東基礎大部分為本土,有較高比例的零售投資者,認為公司與5G相關的現金流應同時改善。 該行指,今年是中移動管理層預期「增加」資本支出三年中最後一年,相信其電信資本支出在今年將持平。 另一方面,匯豐稱公司在去年8月宣派的中期股息有增長,但至今仍沒有提供中期指引,相信即將在3月公布的全年業績提供改變機會。該行又認為公司需要進行更多工作,包括通過回購以跟上中電信(00728.HK)等同業的步伐,預期公司於2021年及2022年的港元派息增長分別為6.5%及8.4%。 匯豐研究將中移動股份目標價由66元上調至68元,評級維持「買入」,預期公司去年業績的潛在催化劑包括新業務增長、5G及派息前景。
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