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《大行報告》大摩上調中移動(00941.HK)目標價至75元 評級「增持」
阿思達克 03-27 14:04
大摩發表報告,預計中移動(00941.HK)今年展望穩定,相信DICT和雲計算業務將保持強勁,而傳統業務則保持穩定。重申「增持」評級,目標價由70元提高至75港元。 大摩預測在DICT和傳統服務驅動下,中移動今年服務收入將按年增長7%。預計DICT收入將保持強勁增長,料按年升39%,佔總服務收入的13.8%。雲產業收入料將按年增長60%至660億人民幣。管理層認為,雲計算在未來十年仍將是一個高增長的行業,而中國移動的目標是成為一級雲服務提供商。該行預計,在5G推動下,移動業務ARPU將穩步增長。 中移動管理層指引5G網絡淨增量為1.3億。家庭寬帶ARPU亦可能繼續增長。該行料有關增長將轉化為今年8.4%的淨利潤按年增長和12.7%的每股股息按年增長,即派息率增至70%。
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