高盛的研究报告指,预期中国铁塔(00788.HK) 展望稳定,明年收入增长料稳定在4%水平、纯利料增长12%、每股股息料4.9分人民币,相当于按年升15%或达可分派盈利79%占比。该行指,尽管面临应收账款老化的挑战,中国铁塔的现金流前景意味公司可以应付2025至2026年预期上升的派息比率。另外,该行料公司在2026年录得一次性折旧费用减少60亿元人民币,带动纯利增长46%,主要因为收购的塔楼资产达到可折旧寿命后,折旧费用将减少。
该行微降对公司今年至2026年的收入预测最多1.4%,以反映由于价格下降,电讯塔业务的收入增长放缓,并将目标价由1.15元上调至1.16元,评级“中性”。(vc/da)(港股报价延迟最少十五分钟。沽空资料截至 2024-11-27 12:25。)
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