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汇丰研究:升国泰(0293.HK)评级至“买入” 目标价上调至12.5港元
格隆汇 11-14 11:27
汇丰环球研究发表报告指,国泰航空(0293.HK) 第三季载客量按年跌5%,定期航班旅客载客率亦跌至80%,低于上半年的84%及去年第三季的85%。惟该行相信情况于未来数季转好,由于国泰主动管理航班,有效限制近期弱势持续。
该行表示,下调国泰2019年至2021年每股盈利预测各65%、55%及44%,以反映低载客量及收益率预测,料今年下半年国泰将录得6.87亿港元亏损,惟由于估值过低(仅相当未来12个月市账率0.59倍),上调其投资评级自“ 持有 ”升级至“ 买入 ”,目标价亦自11.4港元上调至12.5港元,指收益率将自明年第三季后自低位回升。

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