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《大行報告》摩通:行業首選改為聯通(00762.HK)評級升至「增持」 中移動(00941.HK)目標價上調至83元
摩根大通發表報告,指聯通(00762.HK)、中電信(00728.HK)及中移動(00941.HK)在國務院國資委表示考慮把市場價值管理納入國企管理的績效考核指標後,股價兩日內分別上升13%、8%及6%,對比同期恆指升6%。 該行認為有關政策將推動中資電訊股將透過2023財年以後持續增加派息比率,以及強化股份回購以改善股東回報。該行上調對三大中資電訊股的目標價,並上調對其今明兩年每股派息預測3%至11%,以假設派息增加,並認為中資電訊股可重演2022年第四季至去年首季的價格重估周期。 該行亦上調對聯通H股投資評級,由「中性」上調至「增持」,基於其在去年第四季潛在盈利反彈,以及相信該股在今輪升市中提供電訊板塊內最高貝塔值的具吸引力風險回報,並轉向以聯通為三大電訊股H股中首選,次選為中電信,最後為中移動。 以下為摩通對三大中資電訊股H股最新投資評級及目標價: 股份│投資評級│目標價 中電信(00728.HK)│增持│4.2元→5元 聯通(00762.HK)│中性→增持│5元→7.3元 中移動(00941.HK)│增持│74.5元→83元
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