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《大行报告》汇丰研究升内地三大航空股评级至「买入」 上调目标价
阿思达克 04-16 13:55
汇丰研究发表的报告指,内地最先受新型冠状病毒疫情影响,2月份内地航空交通近乎停摆,但就认为内地的航空交通应将是最先复苏。该行认为受惠政府支持,内地航空公司(特别是三大航空公司)已迅速提升运力。该行留意到4月截至14日,航空交通仍按年跌72%,但跌幅已较2月份的85%有所收窄,而三大航空公司在4月13日的一星期内,客运力已回复至疫情前的62%,料5月将进一步提升至约98%。

该行指出内地三大航空公司均为国有,市占率达63%,三家公司过往均面对过低迷时期,亦有能力对其资产负债表进行资本重组。该行对今次下行周期看法乐观,认为三大航空将带领内地市场整合,而国内第四大航空公司、市占率达12%的海南航空则有机会是目标之一。

汇丰研究对三大航空公司目标价及评级如下:

股份?评级?目标价(元)

中国国航(00753.HK)?持有->买入?4.8->7.4

中国东方航空(00670.HK)?持有->买入?2.9->4.3

中国南方航空(01055.HK)?持有->买入?3.6->4.6

(el/k)

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