《大行報告》瑞信上調中通服(00552.HK)目標價至4元 評級「跑贏大市」
瑞信發表研究報告指,中國通信服務(00552.HK)上半年收入及純利按年增長8%及5%,較該行預期高出2%及4%,大致符合市場預期。
公司維持全年收入按年增長高單位數的目標,並將純利增長指引由中單位數上調至高單位數。瑞信表示,上半年內地營運商業務收入增長9%,反映出中通服已適應電信公司資本支出的結構性轉變,但非營運商業務增長放緩令人失望。
不過瑞信亦指出,由於疫情限制有所緩解,對下半年經營前景仍抱樂觀態度,認為管理層專注於節省成本,對前景看法變得更有信心。瑞信預期今年公司未必會進行H股回購,上調2022至2024年每股盈利預測2%至3%,目標價輕微由3.9元上調至4元,維持「跑贏大市」評級。
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