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大行評級|花旗:予中興“買入”評級及目標價20.3港元 首季業績大致符合預期
格隆匯 04-28 11:12
花旗發表報吿指出,中興首季業績大致符合預期,收入按年升5%至306億元,較市場預期高出4%,符合該行預期,並相當於該行及市場對其全年預測的23%。中國電訊營運商的資本開支下降,季內國內營運商網絡業務受壓,至於海外營運商網絡業務、政企業務與消費者業務收入維持較快速的按年增長。該行認為,中興首季毛利率按年跌2.5個百分點至42%,符合市場預期。EBIT按年跌5%至30億元,較市場預期高出7%。整體而言,首季淨利潤按年升4%至27億元,較市場預期高出5%,並相當於該行及市場對公司全年預測的27%。該行予其“買入”評級,目標價20.3港元。
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