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大行評級|摩根大通:電訊盈科潛在出售光纖業務 香港電訊更受惠
摩根大通發表研究報吿指,有報道指電訊盈科潛在的出售光纖業務,可能是指香港電訊剝離其國際海底光纖業務。如果交易後的現金收益介乎8.5億至9億港元的預計水平並用於償還債務,預期出售事項將更受惠於香港電訊,助其淨債務降至EBITDA的3倍以下,並推動股息提高達7%。該行繼續看好香港電訊,認為其具有相對較高的防守性、有吸引力的9%收益率和穩定的財務前景。同時,該行憂慮電訊盈科相對於其持有香港電訊股份的持股折讓幅度較小。因應媒體有關出售光纖業務的報道,過去兩天電訊盈科的股價較香港電訊升約5%。不過,該行建議投資者在股價變動後留意香港電訊。
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