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大行評級丨小摩:香港電訊業績亮麗股息率吸,續為行業首選
格隆匯 07-26 15:45
香港電訊(6823.HK)中期盈利19.9億港元,同比增長2%,派中期息32.92港仙。摩通發表報吿,重申香港電訊“增持”評級,以及本地電訊股首選,目標價11港元不變。摩根大通表示,香港電訊中期業績亮麗,9釐的股息率吸引;由於漫遊業務持續復甦及5G滲透上升,支持流動服務收入維持同比5%的穩定增長。集團上半年度每股派息(DPS)穩步增長3%,在嚴謹的營運支出/資本開支控制、税務減少和積極的營運資本變化,抵消了上半年度利息支付增加約30%(由較高的借貸成本推動)。假設未來幾年香港電訊在潛在減息及債務負擔減少下,每股派息同比增長將由2023及2024年分別的3%,加速至增長4%至5%。
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