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《大行報告》大和下調北京首都機場(00694.HK)目標價至4.9元 評級「持有」
阿思達克 07-06 10:38
大和發表研究報告指,首都機場(00694.HK)管理層指現時因應北京仍然有風險警報,前景仍然具高度不確定性,維持「持有」評級,目標價由5元降至4.9元。

該行指,公司近期針對成本控制,包括管理費、空管、保安等,公司的維修成本相信可以溫和下降,同時2020-22年資本開支維持在15-20億元人民幣。

該行又指,國內三大航空公司計劃維持搬遷大興機場的計劃,但外國航空公司則較保守,因目前已暫停往來國內的航班。

管理層對最新的免稅店合約與上年表現掛鉤,所以未包括國際線大幅下跌的影響,但因疫情影響,目前仍在商討租約的檢討,未有最終定案,同時公司只能與實體店分成,網上銷售不包括在內。

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