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《大行報告》大和升國泰(00293.HK)評級至「持有」 目標價下調至6元
阿思達克 07-16 10:04
大和發表報告表示,國泰航空(00293.HK)股價跌至自2008年金融市場危機後的新低,在公司資本重組劃公布以來,股價已跌逾33%,但相信公司現時估值已反映市場艱難和業務緩慢復甦的預期,上調對國泰評級由「沽售」升至「持有」,目標價由6.5元降至6元。

該行指,預期國泰航空(虧損將比此前估算的更多,因乘客量復甦較預期慢,同時相信今年往來香港的航班復甦亦會放慢,因目前香港的確診人數上升。降2020至2022年收入預期7-55%,相信2021至2022年乘客量有明顯復甦,預期約110至120%,但盈利能力轉弱會維持至明年上半年,令明年續錄72億元虧損。

大和指,國泰航空將於年底公布重組計劃,相信會是一個明顯的減省成本策略,因目前公司每月仍處於「燒錢」狀態。

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