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富瑞:削航空公司目標價及評級 疫情將造成打擊
格隆匯 03-18 14:15

富瑞發表研究報告指,由於新型冠狀病毒肺炎疫情大流行,導致航空旅行活動減少。儘管石油及貨物運作順暢,但預計U型復甦將在今年造成損失。該行下調中國國航(0753.HK)、國泰航空(0293.HK)、東方航空(0670.HK)及南方航空(1055.HK)的目標價和評級。

富瑞下調香港及中國的航空公司盈利預測,由原先預料今年將錄得285億元人民幣的淨利潤,改為虧損255億元人民幣。因為美國及歐洲實施出入境限制,令行業再次受到打擊。

該行認為,在歐美地區實施出入境限制後,產能削減可能接近見底。由於中國隔離結束後,內地經濟活動幾乎將全面恢復運作,該行預料中國航空運輸市場將會首先反彈。不過,由於歐美的限制措施,國際旅客人數減少仍是主要阻力,令中國三大航空公司的旅客人數下跌18.5%,而國泰的情況更為嚴重,因為其產能亦大大下跌了61.7%。

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