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大行评级 | 摩根士丹利上调中银航空租赁目标价,但认为近期大涨后未来空间有限
uSMART盈立智投 11-24 09:18

彭博新闻社报道,摩根士丹利上调中银航空租赁目标价16%,称公司比全球同行拥有更强的现金筹资能力,且疫情研发也提振航空业复苏前景。但该行亦称,近期股价大涨后,进一步涨幅空间有限。

分析师Qianlei Fan等在报告中并指出,中银航空租赁资产质量优于同业,得益于平均剩余的租赁期限更长未来现金流更可预测,机队年轻化及具有反周期的资本支出能力等因素。

疫情流行给中银航空租赁的短期收益带来多方面下行压力,疫苗研发的消息将提振航空业复苏。

不过公司股价自11月2日已上涨逾40%,很大程度上已反应疫苗利好消息

目标价由53.6港元上调至62.1港元,较最新收盘有9%下行空间;维持同等权重评级

将2020-2022年的盈利预测分别下调16.1%、5.4%和4.4%。

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