《大行報告》美銀證券下調國泰(00293.HK)目標價至7.7元 評級「中性」
美銀證券發表的研究報告指,國泰(00293.HK)上半年虧損規模符合該行預測,將其2021-22年每股盈測下調18%,目標價由9.3元降至7.7元,以反映股份攤薄後的影響,重申「中性」評級,認為國際航線復甦將面對不確定性,而公司的資產負債表及流動性憂慮亦似乎大致緩解。
公司發盈警料今年上半年將錄99億元虧損,當中包括24億元的減值支出,規模與該行預測相似,該行預期如下半年國際航班仍然弱勢,公司亦將錄72億元的虧損。
該行指出雖然旅遊禁令有所放鬆,但管理層對前景仍較謹慎,估計7月份的運力僅正常水平的7%,而8月份則料會升至10%,而公司的東南亞航運正在增長,現時已回復至正常的32%水平,但公司亦警告部分來自醫療用品的貨運需求將有所放緩。(el/k) ~
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