高盛发表报告指,中国联通(00762.HK) 首季除息税折旧摊销前溢利(EBITDA)266亿元人民币,大致符合该行预期。净利润56亿元人民币,低于该行预期7%,主要基于低于预期的非经营收益及高于预期的折旧开支。期内云业务收入按年升18%至197亿元人民币,IDC收入按年升8.8%至72亿元人民币。
该行下调对公司EBITDA利润率预测,并下调对公司今年至2027年EBITDA及净利润预测分别最多1.6%及最多6%,对联通H股目标价由10.5港元降至10港元,为2026年企业价值倍数(EV/EBITDA)2.5倍,低于原来目标的2.6倍,维持“买入”评级。(fc/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-04-25 16:25。)
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