大和:明年減貨運費用對財務產生温和影響 重申國泰“買入”評級
大和發佈報告稱, 國泰航空(00293.HK)昨日宣佈明年4月減貨運處理費約20%,機管局承擔當中兩成優惠額。
該行稱,較低的貨運費用對財務產生了温和影響,根據國泰估算,新政策每公斤會節省0.3港元,預計税後貨運成本將節省1.8-2.5億港元,相當於該行對國泰2020預測調整後盈利的5-8%。另外,又建議機管局對航空公司推出更多支持政策的可能性正在增加,尤其是在機場降落和停泊費。
該行又稱,鑑於低估值及下行風險有限,重申對國泰“買入”評級。

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