中金：料中资电讯商股价短期受压

智通财经02-04

智通财经APP获悉，中金发布研报称，中国财政部及国家税务总局今年起上调电信服务增值税。该行分析假设运营商在2026年不将税收负担转嫁给客户，因此税后收入减少将完全体现在利润上。中金设定了三种情景。在中性情景下，已修订对中国移动(00941) 和中国电信(00728)的盈利预测。该行维持2025年预估不变，但下调了2026年的收入及净利润预测。根据新的盈利预测，目前股价隐含的2026年预期股息率稳健...

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