《業績預測》券商料中移動(00941.HK)中期多賺半成 關注派息指引
中移動將於下周四(11日)公布今年中期業績,料受惠於內地工業數碼化趨勢支持收入表現,抵銷了疫情令部地區一度「封城」所帶來的影響,本網綜合4間券商預測中移動2022年上半年純利介乎618.66億元至629.72億人民幣,較2021年上半年純利591.18億元人民幣,按年上升4.6%至6.5%;中位數624.5億人民幣按年升5.6%。
綜合3間券商預測中移動2022年上半年收入介乎4,688.17億元4,948億人民幣,較2021年上半年純利591.18億元人民幣,按年下升5.7%至11.5%。
市場關注中移動管理層對未來派息、派息比率的指引,並留意公司旗下政企市場(The Business market)(包括「DICT」(Data Technology、Information Technology、Communication Technology)業務(包括互聯網數據中心(IDC)、資訊與通信科技(ICT)、移動雲、大數據及其他政企應用及信息服務)及雲業務所面臨的競爭及成本風險。
【料中期純利錄增長 關注政企市場競爭】
匯豐環球研究表示在5G資費和更高速寬帶遷移的支持下,估計中移動今年上半年純利按年升5.4%至623.19億人民幣,估計收入按年升5.7%至4,688.17億人民幣,料EBITDA按年增長3.3%。基於中國現在已經過了5G資本支出的高峰,預計未來幾年與中資電訊企業相關的投資將下降,此應可會支持公司派息。
里昂發表研究報告表示,疫情對內地電訊行業影響不大,同時工業互聯網發展繼續推動企業收入,預計中移動上半年盈利增長4.6%至618.66億元人民幣,料其派息比率有可能由去年的60%%提高至65%。該行料中移動今年上半年EBITDA按年升4.8%,料移動業務ARPU為51.8元人民幣(按年跌0.7%,較去年下半年則升12.6%),主要受部份地區曾因疫情「封城」所影響,並料中移動今年第二季「DICT」收入可按年增長30%。
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本網綜合4間券商預測中移動2022年上半年純利介乎618.66億元至629.72億人民幣,較2021年上半年純利591.18億元人民幣,按年上升4.6%至6.5%;中位數624.5億人民幣按年升5.6%。
券商│2022年上半年純利預測(人民幣)│按年變幅
瑞銀│629.72億元│+6.5%
瑞信│625.81億元│+5.9%
匯豐環球研究│623.19億元│+5.4%
里昂│618.66億元│+4.6%
按中移動2021年上半年純利591.18億元人民幣計
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綜合3間券商預測中移動2022年上半年收入介乎4,688.17億元4,948億人民幣,較2021年上半年純利591.18億元人民幣,按年下升5.7%至11.5%。
券商│2022年上半年收入預測(人民幣)│按年變幅
瑞信│4,948億元│+11.5%
里昂│4,865億元│+9.7%
匯豐環球研究│4,688.17億元│+5.7%
中移動2021年上半年收入4,436.47億人民幣計
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