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富瑞:維持國泰航空(0293.HK)“持有”評級 目標價8.3港元
格隆匯 06-15 13:09

富瑞發表研究報告指,國泰航空(0293.HK)5月份的營運數據符合預期,載客量疲弱、運貨量強勁及上半年錄得嚴重虧損。該行認為,國泰在接受港府的380億港元注資後,將會擴大7月份載客量至9.4%,而5月份只得2.5%,反映其載客前景將改善。不過,由於較高的貨運收益率,短期貨運需求及收益可能已達到頂峯。該行基於國泰載客量回復存在不確定性,故維持其“持有”投資評級,目標價8.3港元。

富瑞表示,國泰的載客量料能逐步回覆,但貨運需求及收益可能已達到頂峯。另外,該行認為,雖然港府注資國泰380億港元以解決其資金流動性的憂慮,國泰重整架構的前景仍有不確定性,並認為國泰、港龍及快運的航運路線將成為重整的關鍵。

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