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《大行報告》大和一舉升首都機場(00694.HK)評級至「買入」 目標價上調至8元
阿思達克 11-11 15:18
大和發表報告,指首都機場(00694.HK)展望改善,本年以來股價累跌約18%,跑輸恆指同期表現逾10%,但認為在國際旅運復甦或早於預期下,股價很有機會「追落後」,一舉上調其投資評級,由「持有」連升兩級至「買入」,以現金流折現率計,目標價由5.05元上調至8元。輝瑞(PFE.US)及BioNTech(BNTX.US)研發新冠疫苗獲重大進展,該行認為是明年國際旅遊復甦的催化劑,旅遊業明年料強勁復甦,現時是時候向該股重新進場。

報告稱,首都機場明年料扭虧為盈,隨著明年疫苗潛在分派,料國際航班及客流明年將恢復至達2019年的分別60%及50%水平。該行並上調2021至2022年每股盈測介乎61%至100%。

大和稱,即使東航(00670.HK)及南航(01055.HK)正式把更多航班移至大興國際機場,該行留意到交通分流的影響並不明顯,反正許多航班已經暫停。即使按原先計劃明年將有更多航班分流至大興機場,該行料首都機場明年盈利能力將改善,因為今年盈利基數較低。

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