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《大行報告》摩通降三大中資電訊股目標價 增長放緩乏催化劑
摩通發表報告,自2023年起,中資電訊股跑贏恆指同期表現逾40%,受惠國企改革和電訊雲端市場市佔擴張等主題的驅動因素。該行認為,投資者今年會繼續看好電訊股,主要是在波動市況下,它們擁有相對較高的防禦性和具吸引力的8%收益率。儘管如此,該行預計,該行業目前水平不會有強勁的上漲空間,又指其增長放緩和缺乏催化劑。 該行下調所覆蓋中資電訊股目標價,以反映未來增長放緩預測。該行表示,在中資電訊板塊中,首選中移動(00941.HK),因防守性最佳,H股目標價由75元輕微下調至74.5元,評級「增持」;中電信(00728.HK)H股目標價則由4.7元下調至4.2元,評級「增持」;聯通(00762.HK)H股目標價則由5.5元下調至5元,評級「中性」。 另報告將中興(00763.HK)H股目標價由16元降至14元,評級「減持」,因電訊營運商資本開支放緩將削弱其網絡業務增長前景。
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