獲摩通升價 惟中電信(00728.HK)及聯通(00762.HK)續吐逾3%-5%
雖然摩通仍看好中資電訊股,但聯通(00762.HK)及中電信(00728.HK)今天顯著下跌,尤其是前者由兩年半高位連吐第二天,今天反覆失守10天線(5.86元),報5.77元,續挫5.3%,成交增至7,212萬股;後者繼本周一升至4.2元創近四年高遇阻後,今天股價也失守10天及20天線(3.94元及3.91元),最低見3.88元,現報3.89元,續吐3.5%,成交增至1.26億元。
然而,中移動(00941.HK)由約兩年半高位連吐兩天後,今天低開報58.2元(守穩10天線之上)獲承接,掉頭高見59.45元,現報58.6元,倒升0.4%,成交已有2,119萬股。
摩根大通報告指,內地電訊股股價自去年11月以來已累飆23%-82%,即使是升浪後,行業估值仍然具有吸引力,相當於企業價值對EBITDA不足兩倍。因此,預計中資電訊股於3月業績期仍有上升空間,因為雲分拆時間表和電信AI業務的可見度更高,以及中移動及中電信今年後派息比率有望進一步增加。該行將中電信及聯通目標價分別由4.5元及5.8元,上調至5元及6.7元,評級為「增持」及「中性」,仍視中電信為行業首選,其次為中移動,最後為聯通。
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