《大行報告》花旗降中移動(00941.HK)目標價至65.31元 評級「買入」
花旗發表研究報告指,中國移動(00941.HK)第三季業績勝市場預期,首九個純利已達到該行全年預測的79%,服務收入按年增長7.8%,DICT和傳統業務均錄得穩固收入增長。該行認為,今年首九個月的服務EBITDA利潤率小幅下降0.9個百分點至40.6%,主要是由於5G的大規模營運和DICT業務的發展需要。該行維持對集團的「買入」評級,料股息收益率達約10%,是內地電訊公司中的首選。
該行預計未來幾個季度,中國移動的經營勢頭將會持續,並上調2022至2024年預測介乎2%至3%,主要是由於上調收入預測和下調財務成本預測,惟採用當前的人民幣/港元交易匯率後,將目標價由68.8元下調至65.31元。
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