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《大行報告》富瑞下調中移動(00941.HK)目標價至61.95元 評級「買入」
阿思達克 10-21 16:03
富瑞發表研究報告指,中國移動(00941.HK)今年第三季服務收入增長7.8%;EBITDA及純利則增長2.8%及0.7%,分別低市場預期2.7%及6.7%,對比公司上半年增長有所放緩,預期主要受到內地部分城市的疫情防控措施影響,以及經營費用與折舊攤銷費用提升所致。 富瑞表示,中移動第三季業績表現略為遜色,收入增長緩慢屬預期之內,但資本開支及折舊攤銷費用增長均高過預期,導致盈利能力受壓。 由於營運開支出增加,該行略微下調今明兩年收入及每股盈利預測,目標價由67.72元降至61.95元,但考慮到估值相當於預測明年市盈率約6.7倍水平及10.4%的股息率,認為中移動仍然極具吸引力,予以「買入」評級。
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