研報掘金丨中金:維持中國移動目標價不變 微調營業額預測
中金髮表報告,將中國移動今明兩年營業額預測下調1.2%及2.2%,維持純利預測不變。另外,維持評級“跑贏行業”及H股目標價90.8港元不變。中金指,中移動首季業績符預期,移動平均每月每戶收入(ARPU)46.9元人民幣,同比減2.1%,因去年高基數影響,考慮到相關因素,小幅下調今明兩年營業收入預測,至約10624.1億元人民幣及約10841.8億元人民幣;維持今明兩年純利1452.69億元人民幣及1524.44億元人民幣不變。另外,維持A股“跑贏行業”評級和目標價127元人民幣不變,對應今明兩年市盈率18.9倍及18倍,港股對應市盈率則分別爲12.7倍及11.9倍。
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