《大行報告》匯豐研究:中資電訊股籲買入中國鐵塔(00788.HK)、中移動(00941.HK)及中電信(00728.HK)
匯豐研究發表研究報告指出,中國鐵塔(00788.HK)與中電信(00728.HK)、中移動(00941.HK)及聯通(00762.HK)各簽署為期五年的商務定價協議及服務協議,將繼續向三大電訊商提供通信鐵塔租賃等相關服務,溫和提高租賃折扣率,並為電訊商創造增量收益,消除市場憂慮折扣率擬大增的懸念。
該行對中國鐵塔的收入和EBITDA預測各略微上調不足1%,以反映新交易。另對電訊商的預測基本不變,認為5G網絡現在相當廣泛,且沒有來自監管機構的外部壓力的情況下,料網絡成本將保持穩定。中資電訊股籲「買入」中國鐵塔、中移動及中電信,並對聯通予以「持有」評級(見另表)。
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