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高盛:下调中银航空租赁(2588.HK)目标价至58.1港元 评级“中性”
格隆汇 07-02 10:33

高盛发表研究报告,下调中银航空租赁(2588.HK)目标价,由59.2港元调低至58.1港元 ,予“中性”评级。

据悉,中银航空租赁6月30日公布取消30架波音737 MAX的订单,并延后另外一些订单。该公司还表示,安排在2023年前交付的所有波音MAX飞机,均已与客户签订承诺协议。

高盛称,整体而言,认为相关行动是正面措施,因为集团可通过减少短期交付,降低投资组合的风险。基于可用飞机数目多,加上客户需求不确定,该行关注MAX飞机的租用率及价值。虽然公共卫生事件已令需求减少,并带来风险,但预计有助减少近期该公司的资本开支及资产增长。

该行下调对其2020至2022年盈利预期2至4%,以反映较低的资本支出。对其评级为“中性”,主要考虑到前景不明朗,以及航空公司破产或重组的风险。

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