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《大行報告》匯豐研究下調香港電訊-SS(06823.HK)目標價至12元 評級「買入」
阿思達克 08-03 09:31
匯豐研究發表研究報告指,香港電訊-SS(06823.HK)中期流動通訊服務收入按年增長5%,符合預期,其中漫遊佔比高於該行預期,出境漫遊強勁,6月份個人出境漫遊收益已超越疫情前水平,但企業漫遊和入境漫遊尚未完全恢復。 該行預計下半年漫遊量將持續增長,憧憬7月、8月及12月的旅遊量會提升,又指固網企業解決方案爲另一業績亮點,收入增長10%,抵銷傳統固網語音服務的持續下降。 考慮到光纖及5G投資高峯期已經過去,匯豐研究預期資本支出走低的趨勢將持續,上調漫遊業務、EBITDA及經營利潤預測,表示看好香港電訊的穩健表現及防守性,預期目前過度競爭風險相對較低,維持「買入」評級,目標價由13.2元降至12元。
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