国泰(0293.HK)管理层料下半年业绩更佳富瑞及大和续吁“买入”
国泰航空(0293.HK)昨日公布业绩,中期纯利13.5亿港元,虽然市场不明朗因素增加,惟管理层仍预期下半年业绩可录更好表现,令富瑞及大和皆维持其“买入”投资评级。
富瑞重申予国泰“买入”评级及目标价16港元,该行提到上半年纯利占该行对国泰的全年预测53%,主要由成本减低所致,抵销乘客及货运收益率下跌。富瑞又指,国泰中期派息0.18港元,即反映53%的派息比率。
大和则表示,上半年国泰业绩优于预期,虽然收入不及该行预测,不过成本控制助公司转亏为盈。该行认为,在全球经济疲弱下,预期公司收入至少在短期仍受压,特别是其货运业务。另外,该行对国泰所提升的营运效率感乐观,因此维持“买入”评级。
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