中金:上調北京首都機場(0694.HK)評級至跑贏行業 升目標價至7.5港元
中金髮表研究報告指出,今年上半年或是北京首都機場(0694.HK)股份未來5年的業績低點。隨着國內航空需求持續恢復、國際需求邊際改善,未來盈利將趨升;因此上調其評級至跑贏行業,並調升目標價27.1%至7.5港元。
中金維持北京首都機場2020、2021年盈利預測不變,而考慮到2020年為業績低點,2021年開始逐年恢復,業績增速較快,決定上調其目標價。
中金預計,北京首都機場下半年業績環比改善,2020年有望實現淨利潤4.6億元人民幣;但如果完全沒有免税保底,估計全年虧損3.3億元人民幣,具體免税保底金額視公司與中免談判結果而定,未來隨着新冠疫情和大興機場分流影響逐漸減小以及消失,公司旅客量和起降架次有望持續回升。

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.