《大行報告》瑞銀:本港電訊股首選電盈(00008.HK) 調整香港寬頻(01310.HK)和數碼通(00315.HK)目標價
瑞銀發表報告,下調香港寬頻(01310.HK)目標價,由9.5元降至9.2元,維持「中性」評級,認為派息放緩已在股價反映,且短期內不見復甦可能;並上調數碼通(00315.HK)目標價,由3.4元升至3.6元,維持「沽售」評級,認為派息有下行風險,受累於節約成本空間有限及宏觀經濟情況不利。
該行指,和電香港(00215.HK)多月前下調4G及5G服務收費,但對不能吸引看重物有所值的香港電訊(06823.HK)及數碼通客戶,亦相信香港電訊市場已被充分滲透。預期穩定市佔及5G每用戶平均收入提升,將持續支持香港電訊及數碼通本地服務收入增長。
該行以電盈(00008.HK)為行業首選,認為公司增加派發香港電訊派息比例至100%,近期資本市場活動料有助釋放資產價值。該行給予電盈及香港電訊「買入」評級,目標價分別為5.2及12.2元。
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