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瑞銀:現時三大航空股估值仍低於歷史水平 均予買入評級
格隆匯 01-13 13:30

瑞銀髮表報吿指,投資者認為中國航空股股價從2020年低位回升10%至70%後,未來將會進一步上升,雖然料內地航空公司今年仍會出現產力過剩,但相信在2022年將會回覆至疫情前的盈利能力。預計國際航班恢復時間或會推遲,但相信在明年可見度會更高。

報吿又指,現時內地三大航空公司估值仍低於歷史水平,但在明年可見度上升、人民幣升值及低油價下,料今年三大今年盈利10至30億元人民幣,2022年盈利介乎50至80億元人民幣。

瑞銀升中國國航(0753.HK)目標價至8港元,下調東方航空(0670.HK)目標價至4.4港元,升南航(1055.HK)目標價6港元,同為買入評級。

瑞銀又指較偏好國航,看好國際旅遊復甦後,將會有最大盈利能力;另外亦偏好南方航空,認為其在國內及貨運航班佔有較大部分。

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