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《大行報告》匯豐研究下調北京首都機場(00694.HK)目標價至4.7元 評級「持有」
阿思達克 08-27 09:50
匯豐研究發表報告,指北京首都機場(00694.HK)由於客運吞吐量的下降被較高的非航空收入和較低的成本所抵銷,上半年損失按年收窄。國內運輸量逐步恢復,惟國際運輸量仍然是拖累,而來自北京大興國際機場的競爭是另一個不利因素。該行將其目標價由4.8元下調至4.7元,重申評級「持有」。 匯豐研究將2021年至2023年的旅客吞吐量預測降低了24%至38%。該行認為,國內運輸量的恢復勢頭波動,而國際運輸量的恢復仍然遙遠,將2021年的虧損預測由5.92億元人民幣(下同)提高到17億元,預測2022年的虧損為7.94億元,之前為2.41億元利潤。對於2021年下半年,預測虧損為8.46億元,而市場估計為盈利1.41億元。
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