《大行報告》匯豐研究微降香港電訊-SS(06823.HK)目標價至13.2元 評級「買入」
匯豐研究發表報告,指香港電訊-SS(06823.HK)去年服務收入增長2%,EBITDA增長3%,雖然融資成本較高,但經調整資金流增加2.4%。至於公司去年下半年的漫遊收入按年增長6.1%遜預期,主要由於本港過遲放寬防疫措施,以及入境旅客數字偏低。但該行預期公司今年受惠於入境旅客愈來愈多的情況下,估計今年漫遊收入將增長68%至5.16億元,但仍較2019年的11億元少逾一半。
該行認為,香港電訊在充滿挑戰的市場中,繼續表現出良好的成本控制。雖然5G收益仍低企,但網絡推展大致完整,為資本支出提供更大的靈活性。預期公司漫遊業務及國際服務持續增長,而資本支出前景穩定,對公司有利。對其目標價由13.4元微降至13.2元,維持「買入」評級」。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.