《大行報告》瑞銀上調中銀航空租賃(02588.HK)目標價至81.2元 評級「買入」
瑞銀發表研究報告,指中銀航空租賃(02588.HK)去年純利跌27%,符預期及公司盈警所示,扣除一次性項目,經調整盈利為7.19億美元,僅跌1%。
該行輕微降2021至23年盈利預測,以反映機隊擴張速度較慢、資金成本潛在增加,目標價價升10%至81.2元,以反映股本成本下降。公司股價於過去四個月反彈40%,目前市賬率為1.2倍,高於歷史平均1.1倍,相信市場已反映公司穩定的業務模式,但未完全反映復甦和增長,相信今年盈利可超越2019年,同時預期2021至24年的盈利年複合增長率為15%,維持「買入」評級。
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