大和:下调中移动(0941.HK)目标价至78.7港元 升评级至“买入”
大和总研发表研究报告指,中移动(0941.HK)在盈利将会在2019-2021年受累5G投资,但在投资周期内(2020-2024年)公司的自由现金流收益仍然具吸引力,认为市场过分折让其经营前景。大和调高中移动投资评级,由“优于大市”升至“买入”,目标价则由79.6港元,下调1.13%至78.7港元。
大和表示,分析中移动上半年的营运前景后,该行上调其2019-2021年的服务收入预测3.2-3.8%,上调人事开支2.1-2.6%,以及将EBITDA利润上调1.5-1.8个百分点,惟下调2019-2021年每股盈利预测3.1-3.6%。
另外,大和又指中移动2024年手机服务收入占比达59.9%,较早前预测高2.9个百分点,但中移动仍是该行在三大电讯商中,排名最后的股份。
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.