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《大行報告》摩通升中移動(00941.HK)評級至「增持」 目標價上調至70元
中國移動(00941.HK)去年純利按年升7.7%至1,161.48億元,派末期息2.43港元,增長38%,全年股息合計每股4.06港元,按年增長23.4%。摩根大通發表報告,指中國移動派息前景推動估值重估,將其評級由「中性」上調至「增持」,目標價由60元上調至70元。 摩通認爲,中國移動2021年23%的派息增長,以及到2023年將派息率從去年的60%提高到至少70%的承諾,對市場來說是一個積極的驚喜,其2022年的資本支出預算沒有預期那麼緊張,因爲5G投資的減少抵銷了固網支出的增加,而且業績後可能恢復回購應該對股價有利。在其有前景的股息政策的支持下,摩通認爲中移動有進一步重新評級的潛力,並建議投資者在當前股價水平買入。 摩通表示,中移動的移動業務持續復甦,相信中國廣電進入5G市場不會導致價格競爭加劇,預料集團2022年服務收入和盈利增長良好。
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