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《大行報告》中金:中移動(00941.HK)派息率提升 優質資產提供良好回報
阿思達克 03-13 14:25
中金發表報告,考慮到2022至2024年中移動(00941.HK)將會有部分通信設備折舊年限到期,上調公司固定資產折舊率,下調港股2022至2024年盈利預測0.2%、1.9%、2.4%至1,261億元、1,370億元、1,492億元。維持「跑贏行業」評級及目標價75元。 報告指當前中國移動港股股息率處於過往十年的高位水平。長期來看,5G資本開支放緩帶來的折舊壓力下降可進一步支撐公司穩健的業績增長,疊加高股息率可為投資者提供良好投資回報,當前估值水平仍有較強吸引力。 另外,報告預計中移動去年A股歸母淨利潤按年增長8.6%,市場預期按年增長9.2%;其中去年第四季A股歸母淨利潤按年下跌5.5%,市場預期按年下跌3.1%,由於該行預測2022至2024年將有部分通信設備折舊年限到期,因此預測略低於市場預期。
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