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《大行報告》高盛上調內地三大電訊股目標價 中電信(00728.HK)及聯通(00762.HK)評級「買入」
高盛發表研究報告指出,內地電訊板塊首季增長穩健,電訊公司實現6%至8%的服務收入增長,以及盈利增長約10%。電信設備供應商收入按年增長10%至20%,利潤大致穩健。該行預期,電訊股前景仍然強勁,但由於國內需求仍然低迷,加上海外需求可能面臨放緩的風險下,電信設備供應商的前景疲弱。 該行偏好電訊股,並挑選具有利潤增長潛力和估值有吸引力的設備供應商股份。對聯通(00762.HK)、中電信(00728.HK)及長飛光纖光纜(06869.HK)給予「買入」評級。聯通方面,該行將公司2023至2025年的收入預測上調3%至4%,EBITDA預測升0.6%至1%,純利預測下調2%至6%,H股目標價由7.5元上調至7.7元。 中電信方面,該行略微下調對公司今年的預測,以反映企業部門增長放緩,對其目標價由5.1元上調至5.5元。 該行另對中移動(00941.HK)評級「中性」,將其2024至2025年的收入預測上調1%至2%,EBITDA預測上調2%至4%,純利預測上調4%至8%,目標價由69元上調至75元。
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