东方财富网 > 数据中心 > 研报大全 > 鹏博士 > 鹏博士-研报正文
  • 最新价 -
  • 涨跌 -
  • 涨跌幅 -
  • 换手 -
  • 总手 -
  • 金额 -

Dr. Peng to acquire 49% of Citic Network

www.eastmoney.com 2017年09月29日 00:00 James Wang,Peter Milliken

鹏博士(600804)

A positive step in the long run but negative in the short term

Dr. Peng announced today that it would look to acquire 49% of Citic Networks’ shares for RMB1.34bn. It came through after a failed attempt by Citic Telecom to acquire the asset due to concerns around foreign ownership. While the deal brings Dr. Peng closer to an integrated fixed broadband provider, restrictions remain around full private ownership of backhaul assets in China with no clear sight of when such rules could be relaxed. Without full operational control, the deal is likely to result in a near-term earnings drag for Dr. Peng and with its top-line growth remaining sluggish, we retain our SELL rating.

Limited impact on the major operators

Given Dr. Peng only has 14m fixed broadband subs, representing only 4% of the market, we see a limited competitive threat to the major operators even if Dr. Peng is able to improve its backhaul capabilities via the deal.

Citic Networks’ losses continue

Citic Networks is the only backbone operator in China outside of the major telcos with 32,000km of fiber backhaul connecting the capital cities of almost all provinces in China. It reported a RMB104m loss after tax in FY16 with the trend continuing in 1H17. It was also loss making in FY14 and FY15.

  • 行情
  • 资金流
  • 核心数据
  • 分时
  • 日K
  • 周K
  • 月K
鹏博士基本面数据
  • 总股本 14.32亿股
  • 流通股 14.32亿股
  • 每股收益 0.06元
  • 每股未分配利润 1.96元
  • 每股净资产 4.89元
  • 净资产收益率 1.26%
  • 净利润 9104.06万
  • 净利润增长率 -47.18%
鹏博士投资评级
一月内整体评级
三月内整体评级
统计时段 买入 增持 中性 减持 卖出 合计
一个月内000000
三个月内000000
半年内100001
一年内12300217
鹏博士盈利预测
指标 2017A 2018E 2019E 2020E
每股收益(元) 0.54 0.71 0.86 0.00
净利润(亿元) 7.69 10.16 12.26 0.00
名称 涨跌幅 研报数 机构投资评级(近六个月)
买入 增持 中性 减持 卖出
光环新网 4.42% 19 10 9 0 0 0
二六三 1.87% 0 0 0 0 0 0
国脉科技 1.80% 0 0 0 0 0 0
中国联通 1.21% 15 9 6 0 0 0
鹏博士 0.82% 1 1 0 0 0 0
机构一致看多个股
名称 研报 看多家数 最高
目标价
最低
目标价
现价
上汽集团详细7635.8631.8832.40
银轮股份详细5712.998.469.26
完美世界详细5640.6028.6028.89
安科生物详细5334.4518.6219.08
乐普医疗详细5142.8821.2937.08
智飞生物详细5050.1516.5649.00
贵州茅台详细46901.50662.47741.13
宋城演艺详细4624.3618.7626.61
华鲁恒升详细4524.1816.2018.48
隆基股份详细4453.7521.6815.08
华兰生物详细4435.6726.6234.77
中航沈飞详细4438.5027.9038.21
中国国旅详细4379.3847.7373.46
锦江股份详细4340.2531.7534.32
光线传媒详细4313.729.829.61

数据来源:东方财富Choice数据