高盛:降国泰(0293.HK)及内地三大航空股目标价 评级维持“买入”
高盛发表研究报告,指中国的航空交通量因受新型肺炎影响,近日下跌80%,主因航空公司下调运力、旅游限制、肺炎感染数字上升。
该行指,因应近期疫情仍然存在不确定性,以及持续继续上升,相信近两月的各项数字,会有大幅下跌,而下半年会有回升,目前估算今年中国航空客量跌0.3%,较此前预期下调了12个百分点,其中国际下调21个百分点至跌7.7%,境内跌6个百分点至2.8%。
该行又指,降2020年内地三大航空股每股盈测61-120%,国泰(0293.HK)
下调156%,2021年预期略为下调,但数字不明显,因预期下半年有复苏。国泰盈利则会对客量数字更敏感。该行相信,市场会留意盈利风险,但航空股的股价相信已反映忧虑,考虑运力增长放慢、人民币转强,以为宽松政策和油价疲弱,维持国内三大航空股“
买入
”评级。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.