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《大行報告》摩通:中國鐵塔(00788.HK)首季業績勝預期 維持「中性」評級
阿思達克 04-19 15:14
摩根大通發表研究報告指,中國鐵塔(00788.HK)首季業績表現不俗,EBITDA及盈利分別超出市場預期約5%及8%,雖然由於與電信營運商續簽鐵塔租賃合約的定價調整,導致期內鐵塔業務收入下降3%,但兩翼業務增長仍然維持強勁。 該行預計,基於中國鐵塔首季表現好過預期,市場盈利預期存在向上調整空間,將利好股價表現。不過摩通亦提醒,投資者或擔心中國鐵塔收入增長前景不明朗,以及未來幾個季度EBITDA的不確定性,因此對其維持「中性」評級,目標價為0.8元,對應今年預測市盈率約14.1倍。
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