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《大行報告》大摩:長飛光纖光纜(06869.HK)受惠新基建投資加速 評級「增持」
阿思達克 01-25 09:44
摩根士丹利發表報告,指國家發改委釋放的信號,意味有更大機會增加5G、數據中心等新基建投資,認爲長飛光纖光纜(06869.HK)有機會成爲主要受惠者,予其「增持」評級,目標價17.5元。 大摩表示,從該行對5G和數據中心網絡設備供應商的渠道調查來看,短期內缺乏新的基礎設施投資增加的信號,預計今年上半年不會有任何重大的正面盈利貢獻,但在沒有預期的情況下,如果自上而下的政策驅動投資增加,對整個行業來說將是一個驚喜,股票很可能會重新估值。 大摩指,長飛光纖光纜是境內領先的光纖光纜公司,市場份額約20%,如果新基建投資增加,光纖供需格局可能進一步改善,這將有利於其2022至2023年的毛利率和盈利。大摩指即使撇除新基建投資增加的因素,預料長飛光纖光纜2022年盈利增加21%。
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