You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》花旗降中興(00763.HK)目標價至20.3元 去年毛利率遜
花旗發表報告指,中興通訊(00763.HK)去年度收入符合市場預期,不過單計第四季度收入及EBIT均遜預期,主要由於下半年營運商網絡產品組合改變,以及受季節性因素影響,毛利率低於預期,但政企業務及消費者業務毛利率較上半年提升,抵銷部分影響。 該行將公司今明兩年收入預測,分別下調2%及3%,盈利預測分別下調3%及1%,以反映收入增速放緩、內地電訊商資本開支呈下跌趨勢、以及毛利率較低,將目標價由21.1元下調至20.3元,相當於今年預測市盈率8.5倍,評級「買入」。 中興派息比率由23.4%升至去年的35%,每股派息0.68元人民幣,該行原先預期派息比率持平,相信管理層願意改善股東回報,屬正面消息。
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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account