大摩:下調中資航空股目標價 非國內航班復甦情況弱於預期
大摩發表研究報告指,因非國內航班的復甦情況弱於預期,下調中國航空公司和機場的盈利預測和目標價,下調東方航空A、H股評級降至減持,下調目標價分別至2.87元人民幣和2.5港元,南方航空A股評級降至減持、H股降至中性,目標價分別下調至4.08元人民幣和3.58港元,上海機場(600009.SH)評級降至中性,目標價下調14%至69元人民幣。
大摩續指,非國內旅行未來12-18個月內可能難以完全恢復,供給過剩或導致航空公司之間的價格戰,把中國航空股的目標價平均下調16%,2020和2021年的盈利預測平均下調122%,未來9-12個月免税店業務承壓或導致中國機場收入明顯下降。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.