罗杰斯通信2026年指引或偏保守但仍可实现——市场观点

投资观察
Jan 26

罗杰斯通信的增长指引看似可以实现,但前提是无线服务定价保持稳定且行业避免出现一轮折扣战。TD Cowen分析师Vince Valentini指出,他预测的2.8%的息税折旧摊销前利润增长和4.7%的服务收入增长,很可能处于管理层为2026年设定指引范围的上限,但在市场环境稳定的情况下仍具现实可行性。

然而存在一个变数。Valentini表示,如果多伦多蓝鸟队的运营表现,加上枫叶体育娱乐公司的贡献,推动第四季度息税折旧摊销前利润远高于其预测,那么基于这个更高基数,2026年的百分比增长将变得更加困难。

Valentini认为,管理层可能会保持保守态度,将息税折旧摊销前利润增长指引设定在0%至3%的区间内存在一定风险。“我们相信,该公司近期已采取一项审慎策略,试图将市场预期设定在几乎肯定能够达到、甚至可能超越的水平。”

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