【大行评级|里昂:上调对三大电讯商目标价 中国移动仍为首选】里昂预测中国三大电讯商去年下半年业绩疲弱,受工业互联网收入增长料由双位数降至单位数影响。该行指,中国政府及企业在经济疲软下对信息科技开支更为谨慎,电讯商亦对云项目更为选择性以改善平均收益及现金流,该行指,三大电讯商削减资本开支及延长5G基站折旧年期以提振利润及增加派息。 资本开支下降趋势将持续,该行上调对三大电讯商目标价。当中,中国移动仍为首选,基于去年及今年股息率料有6%及7%,目标价从75港元上调至86港元,评级“跑赢大市”。中国电信及联通今明两年股息率在近期人工智能升市中降至5%及6%,但电讯商或不会实时从人工智能热潮中受惠。该行将中国电信的目标价从5港元上调至6.2港元,联通的目标价从7.5港元上调至9.5港元,评级均为“跑赢大市”。

金融界
13 Mar
里昂预测中国三大电讯商去年下半年业绩疲弱,受工业互联网收入增长料由双位数降至单位数影响。该行指,中国政府及企业在经济疲软下对信息科技开支更为谨慎,电讯商亦对云项目更为选择性以改善平均收益及现金流,该行指,三大电讯商削减资本开支及延长5G基站折旧年期以提振利润及增加派息。 资本开支下降趋势将持续,该行上调对三大电讯商目标价。当中,中国移动仍为首选,基于去年及今年股息率料有6%及7%,目标价从75港元上调至86港元,评级“跑赢大市”。中国电信及联通今明两年股息率在近期人工智能升市中降至5%及6%,但电讯商或不会实时从人工智能热潮中受惠。该行将中国电信的目标价从5港元上调至6.2港元,联通的目标价从7.5港元上调至9.5港元,评级均为“跑赢大市”。

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