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《大行報告》野村下調內地三大電訊股目標價 中移動(00941.HK)及中電信(00728.HK)評級「買入」
野村發表研究報告指出,根據工信部數據,內地電訊業服務收入於第二季持續放緩,上半年按年增長6.2%,意味着6月份按年增長3.6%,相對於首五個月按年增長6.8%。上半年有線寬帶服務和數據流量服務收入各按年增長6.3%及0.2%。 此外,內地電訊業上半年新興業務(如互聯網數據中心(IDC)、雲端和物聯網(IoT))繼續成爲主要增長動力,收入按年增長19.2%(相對於首五個月增長20.2%),貢獻行業服務收入約21.6%。至於上半年來自雲端、大數據和物聯網分部收入按年各增長38.3%、45.3%及25.7%,相對於首五個月升47%、47%及25%。同時,截至6月底100Mbps/1000Mbps寬帶用戶滲透率達到94.2%及20.8%,而5G網絡用戶滲透率爲39.5%,較2022年底增加6.2個百分點。 該行下調內地三大電訊股目標價,對中電信(00728.HK)評級「買入」,目標價由5.5元降至5元;對聯通(00762.HK)評級爲「中性」,目標價由6.7元下調至6.1元;對中移動(00941.HK)評級爲「買入」,目標價由81元下調至77元。
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