《大行報告》匯豐研究下調中移動(00941.HK)及聯通(00762.HK)目標價
匯豐研究發表研報,表示關注中資電訊公司上半年的企業服務業務的發展,認爲具有最大潛在變數,同時預期在5G資費及高速寬帶遷移的支持下,核心網絡業務將相對穩定。
該行指出,三大電訊商目標都是提升企業服務業務的增長速度,考慮到政府部門亦加快數字化轉型,相信市場發展潛力巨大,但亦存在競爭及電力成本相關風險。
對於5G部署及資本支出,匯豐研究預期現時已過了5G發展的資本投放高峯期,預計未來幾年行業相關投資將下降,對股息將帶來支持。
該行指,調高對中電信(00728.HK)的財務預測,以反映企業服務業務增長勝預期,維持目標價4.1元及「買入」評級不變。中移動(00941.HK)及中聯通(00762.HK)目標價則分別輕微下調至70元及3.9元,評級爲「買入」及「持有」。
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