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一隻逾七厘息的香港收息股貴族

想打造自己的安心退休收息投資組合,此股可說是一隻難得的香港收息股貴族。 –

想打造自己的安心退休收息投資組合,中信國際電訊(SEHK:1883)可說是一隻難得的香港收息股貴族。

中信國際電訊是澳門的領先電信服務商,擁有壟斷地位。雖然新冠肺炎疫情為全球經濟帶來衝擊,澳門旅遊業亦未能幸免,但中信國際電訊的業務表現依然硬朗。現價股息率逾7厘的中信國際電訊值得投資收息嗎?

疫情影響有限

新冠肺炎疫情對澳門經濟造成的打擊相當顯著,但中信國際電訊在澳門經營的電信業務防守力相當高。期內,中信國際電訊上半年整體收入仍錄得0.2%輕微增長,其中電信服務收入約40.3億元,同比增幅11.3%。電信服務需求受疫情影響輕微,互聯網高度滲透現代人生活,移動數據已成為必需品,需求慣性相當高,尤其疫情期間大眾減少外出,線上娛樂活動增加,數據用量不跌反升。

此外,中信國際電訊旗下的澳門電訊在澳門擁有壟斷優勢,其所面臨的競爭向來有限,毋須擔心接觸客戶的實體渠道在疫市中受影響而造成客戶流失。

兩大增長前景明朗

雖然中信國際電訊在上半年收入僅微增,但長線業務前景明朗。集團指出旗下澳門電訊的首階段5G 網絡工程已如期完成,如網絡軟硬件升級,及基站建設等,有望推動澳門成為領先亞洲地區實現5G戶外全覆蓋的城市之一。隨著5G技術在澳門廣泛應用,中信國際電訊作為主導市場的營運商幾乎注定會成為大贏家。

除透過投資鞏固集團在澳門電信市場的地位,中信國際電訊積極捕捉大數據資訊時代的增長趨勢。目前已投入營運的中信電訊大廈數據中心第3期(A)已全數租出,而仍處於施工階段的數據中心第3期(B)則預期在明年中落成,有望在投入營運後實現高水平租用率,持續擴充中信國際電訊的數據中心業務,為集團帶來穩定的收入來源。

結語:收息價值吸引

中信國際電訊在疫市中依然守住業績表現,反映業務防守力強勁。展望長線,集團在5G及數據中心方面所作出的投資有望在中期內為集團帶來貢獻,持續擴大的穩定現金收益來源。中信國際電訊現價股息率約7.5厘,集團的分派穩定性及增長空間吸引,值得納入收息組合,長期擁有。

編輯:Yan

延伸閱讀

本文所提供的信息僅供一般參考之用,並不構成任何個人化的投資勸誘或建議。作者 Alvin Yu沒持有以上提及的股票。

The Motley Fool Hong Kong Limited(www.fool.hk) 2020

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