Market Brief

The articles are produced in Chinese only.

Author

何國穎先生 (Paul Ho)
助理經理

現任職輝立助理經理,除了鑽研圖表和數據分析外,也著重股票基本分析面。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
Phone:
22776655

中國移動(941.HK)

Thursday, May 6, 2021 Views7931

中國移動(941.HK)集團是中國內地最大的通信服務供應商,在中國內地所有31個省(自治區、直轄市)以及香港提供移通信服
務,業務主要涵蓋移動話音和數據、有線寬帶,以及其他信息通信服務。

- 2020年度,集團營業額上升3%至7680﹒7億元(人民幣;下同),股東應佔溢利增長1﹒1%至
    1078﹒43億元。年內業務概況如下:
    (一)EBITDA下降3﹒7%至2851億元,EBITDA率為37﹒1%,較去年下降2﹒6個百分
       點;
    (二)通信服務:營業額上升3﹒2%至6956﹒92億元,佔總營業額90﹒6%;
       1﹒語音業務:營業額減少11﹒1%至787﹒82億元,佔總營業額10﹒3%;
       2﹒數據業務:短彩信業務之營業額上升2﹒9%至294﹒85億元;無線上網業務之營業額微升
         0﹒2%至3856﹒79億元,佔總營業額50﹒2%;有線寬帶業務之營業額增加17﹒4%
         至808﹒08億元,應用及信息服務之營業額增長22﹒4%至1010﹒38億元;
    (三)銷售產品及其他:營業額上升1﹒2%至723﹒78億元;
    (四)截至2020年12月31日,移動電話客戶總數為9﹒42億戶,其中5G套餐客戶達到1﹒65億
       戶,淨增1﹒62億戶,移動ARPU為47﹒4元;有線寬帶客戶總數為2﹒1億戶;
    (五)年內新建34萬個5G基站、累計開通39萬個5G基站。截至2020年12月底,集團基站總數達
       到514萬個;
    (六)於2020年12月31日,集團之現金及現金等價物為2127﹒29億元,另有銀行存款
       1103﹒82億元。

中國移動是內地最大的通信服務供應商,最近公佈的業績不俗,派息更有6厘以上。在5窮6絕偏淡的月份上,傳統藍籌股中移動不失為穩中求勝的中長線之選。

買入價 48元
目標價 55元

「註:本人何國穎為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us