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《大行報告》大和升南航(01055.HK)評級至「買入」 目標價上調至5元
大和發表評級報告表示,由於國內收費客公里(RPK)按年下跌39%,南航(01055.HK)收費客公里今年首四個月收入較去年同期跌38%,該行相信採取額外大型的封城措施可能性較低,料收費客公里於今年下半年會有明顯改善。 該行表示,考慮到今年首四個月的旅遊需求低於預期,料今年收費客公里會恢復至58%,明年則會回到於2019年的73%水平。 該行表示,由於首四個月的旅遊需求疲軟及燃料成本上升,預料公司在2022至23年的淨虧損會進一步擴大,惟料公司在2024年會有純利,相信國際航班重開後集團可獲重評機會,目標價由4.5元上調至5元,評級由「持有」升至「買入」。(ca/k) ~
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