《大行報告》中金:中電信(00728.HK)受惠5G加快滲透及工業互聯網業務擴張 評級「跑贏行業」看3.68元
中金發表報告,指中電信(00728.HK)首三季收入及純利符預期。5G計劃加快滲透驅動流動業務穩定增長,固網及智能家居服務維持強勁收入增長。至今年9月,流動用戶達3.9億戶,當中2.51億戶屬5G用戶,意味5G滲透率達64.4%。另工業互聯網業務成新增長引擎,該行認為其有力維持在雲服務的領導地位。該行並料工業互聯網業務擴張及公司致力控制成本及提升效率可驅動利潤率穩定上升。中金料中電信今年全年來自e Cloud雲端業務的收入將按年倍升。
該行維持對中電信今明兩年預測,H股股價意味今年股息率料達8.9%,維持「跑贏行業」評級,以分類加總估值法計,目標價3.68元。
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