研報掘金丨長江證券:中國聯通第二曲線持續發力,維持“買入”評級
長江證券研報指出,2013-2022年的10年時間裏,中國聯通(600050.SH)緊抓3G、4G、5G商用機遇,持續佈局與快速迭代第二曲線業務,從行業信息化逐漸升級到產業互聯網,第二曲線主引擎作用更加凸顯。為進一步促進算網生態發展,公司重點從算力供給、算力智聯網、算網能力三個方面構築智算能力,發佈五大智算產品,強化智算領域佈局。公司全年指引明確,目標實現營收穩健增長、利潤總額雙位數增長,派息率不低於2023水平,是攻守兼備的紅利資產。預計公司2024-2026年歸母淨利潤為90億元、99億元、108億元,對應同比增速10.6%、9.7%、9.4%,對應PE 17 倍、15倍、14倍,重點推薦,維持“買入”評級。
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