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瑞信:升国泰航空(0293.HK)目标价至7.2港元 维持中性评级
格隆汇 02-19 13:02

瑞信发表报告,将国泰航空(0293.HK)目标价从6.6港元升至7.2港元,维持中性评级。

报告指,在今年初主要市场仍然有旅游封锁,同时近期展望仍具挑战,预计国泰复苏之路仍然困难。虽然现时距离疫苗接种更近一步,但疫苗供应及物流仍有阻碍,相信要待接种提高后,缺少本地业务的国泰才会减轻压力。

报告又指,虽然国泰在港拥有主要及重要地位,但短期内仍看到一定挑战,包括香港本港或引入新竞争者,同时近期机组人员受到政府新防疫政策影响,同时布兰特期油上升,预计公司在2021年亏损会扩大,明年盈利亦要作出调整,但在疫苗的长期可见度上升下,目标价亦获提高。瑞信现估计2020及2021年亏损额215亿及137亿港元,2022年将回复20.9亿港元盈利。

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