《大行報告》大摩料國泰(00293.HK)去年下半年扭虧勝預期 評級「增持」
摩根士丹利發表研究報告,指國泰(00293.HK)去年初步業績預告淨虧損收窄至介乎56億至61億元,遠勝該行及市場預期去年虧損117億及198億元。這意味去年下半年轉賺15億至20億元,較2020年下半年虧損118億元大幅改善。
公司將業績改善歸功於強勁貨運需求,高貨運收益率及運載率;持續有效的現金及成本管理;一次性項目減值大幅減少;公司亦提及去年下半年有輕微現金生成。
根據公司指引,今年2月起,每月現金消耗介乎10億至15億元。評級「增持」,目標價7.6元。
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