大摩升中通服务(0552.HK)评级至“增持”降目标价至7港元
摩根士丹利发表研究报告指,根据工信部数据,电讯服务业收入于2019年第二季按年跌1%,差过2019年第一季按年升1%的表现。该行认为收入低迷的部分原因是2018年5月中国移动(00941.HK)降价,以及2018年7月中国取消国内数据漫游费,但认为今年下半年将会正常化。

该行认为中通服务(00552.HK)是5G资本支出周期的主要受益者之一,该公司亦积极探索电讯市场以外的ICT业务机会,包括电网、数据中心、智能城市和其他工业垂直数字化业务。
该行指,中通服务毛利率压力已於股价中反映(股价从高位调整逾30%),将该股评级由“与大市同步”升至“增持”,目标价由7.5港元降至7港元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.