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《大行》高盛:聯通(00762.HK)股息增長仍穩健 維持「買入」評級
阿思達克 08-19 10:15
高盛發表研究報告指,中國聯通(00762.HK)中期業績顯示收入增長、現金流及盈利受阻,但股息增長仍然穩健,上半年每股派息按年增加14.5%,派息比率按年提升5個百分點,認為中資電訊股已成為本地投資者主要的高息回報選擇,中資電訊股的穩定派息能力及增加派息的意願將成為推動股價的關鍵因素。高盛維持聯通「買入」評級,目標價從10.4元升至11.2元。 該行預期聯通上半年應收賬款增加導致壞賬撥備上升的情況會在下半年改善,從而緩解盈利壓力。高盛輕微下調未來幾年預測,以反映雲業務收入增長放緩,2025至2027年收入預測下調1.1%至3.6%,EBITDA預測下調0.9%至2.8%。
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