高盛发布研报称中国联通(00762.HK)中期业绩显示收入增长、现金流及盈利受阻但股息增长仍然稳健上半年每股派息同比增加

智通财经
Aug 19, 2025
高盛发布研报称中国联通(00762.HK)中期业绩显示收入增长、现金流及盈利受阻但股息增长仍然稳健上半年每股派息同比增加14.5%派息比率同比提升5个百分点认为中资电讯股已成为本地投资者主要的高息回报选择中资电讯股的稳定派息能力及增加派息的意愿将成为推动股价的关键因素。高盛维持联通“买入”评级目标价从10.4港元升至11.2港元。该行预期联通上半年应收账款增加导致坏账拨备上升的情况会在下半年改善从而缓解盈利压力。高盛轻微下调未来几年预测以反映云业务收入增长放缓2025至2027年收入预测下调1.1%至3.6%EBITDA预测下调0.9%至2.8%。

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