高盛发表研究报告指,在中国铁塔公布上半年业绩后,对其看法转趋更正面,主要因派息前景改善,以及应收账款结余回稳带动现金流正常化。然而,管理层未有就明年的折旧及利润细节提供指引,部分投资者或视为负面讯号,因市场渴求有更清晰的盈利及股息能见度。该行估算,明年整体折旧费用将下跌至50亿元。另外,该行提到,集团上半年派息率按年升5个百分点至45%,每股股息按年增长22%,显示公司增加派息的意愿,相较于之前派息率增速缓慢,反映情况有所恢复。该行将其目标价由12.6港元上调至13港元,评级“中性”。
高盛发表研究报告指,在中国铁塔公布上半年业绩后,对其看法转趋更正面,主要因派息前景改善,以及应收账款结余回稳带动现金流正常化。然而,管理层未有就明年的折旧及利润细节提供指引,部分投资者或视为负面讯号,因市场渴求有更清晰的盈利及股息能见度。该行估算,明年整体折旧费用将下跌至50亿元。另外,该行提到,集团上半年派息率按年升5个百分点至45%,每股股息按年增长22%,显示公司增加派息的意愿,相较于之前派息率增速缓慢,反映情况有所恢复。该行将其目标价由12.6港元上调至13港元,评级“中性”。
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