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《大行报告》里昂降国泰(00293.HK)评级至「跑赢大市」 目标价下调至8.3元
阿思达克 02-25 15:30
国泰(00293.HK)将於3月10日发布去年底止全年业绩,里昂发表研究报告,料其全年亏损196亿元,意味去年下半年亏损98亿元。市场对航空出行重启预期升温,该行认为,由於本港延长隔离措施,今年开局极弱,意味市场对国泰今年盈测或过分乐观。

考虑下调今明两年客运量预测及纳入市场对国航(00753.HK)最新估算,该行扩大国泰今年亏损预测,料今年全年蚀154亿元(原预期蚀30亿元);并下修明年盈测至亏损16亿元(原预期赚33亿元)。在股价上升後,该行下调其投资评级,由「买入」降至「跑赢大市」,目标价由8.4元降至8.3元。

报告称,即使开始接种疫苗,本港未有重启国际航空出行初步迹象。今年1月载客率仅13.3%创新低,2月至今似乎未见改善。该行原先在今年复苏的预期或过於乐观,并将航空出行拐点发生预测由今年第三季延後至第四季。

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