《大行報告》瑞信下調香港電訊(06823.HK)目標價至13元 「跑贏大市」
瑞信發表評級報告指,儘管香港電訊(06823.HK)近期受市場激烈的價格競爭影響,對價格較爲敏感的客戶流失率有所上升,惟料在集團積極地控制成本的情況下,相信其服務EBITDA利潤率能夠穩定增長。
該行估計公司2022年至2024年的純利增長分別爲下跌2%、增長5%及下跌1%,以反映市場競爭激烈及於2024年頻譜招標潛力,目標價由14.3元下調至13元。該行仍看好公司表現優於香港寬頻(01310.HK),並指公司今年股息收益率介乎6%至7%,維持其評級「跑贏大市」。(ca/k)
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