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摩通:降国泰(0293.HK)评级至“中性” 目标价下调至9.8港元
格隆汇 09-16 10:43

摩根大通发表研究报告指,受到香港示威影响,国泰航空(00293.HK)今年8月集团营运数据逊预期,预料弱势仍持续一段时间,将导致下半年录亏损。报告建议未来六个月进行配对交易,长仓(购买)新加坡航空,并短仓(沽售)国泰,因以现价计,两者分别料有14%上升及8%下跌空间,投资者料可赚取最多22%。

报告指,由于预计国泰2019年全年度料录得近10亿元亏损,抹去了上半年录得的13.5亿元盈利。国泰每股帐面价值将由上半年的15.9港元降至年底的15.1港元,主因受累9月份派发中期息及下半年料「见红」所致,而2020年度料相对持平。因此,该行将国泰评级由“增持”降至“中性”,目标价由13.9港元下调至9.8港元。

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