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《大行報告》高盛降內地三大航空股目標價 國航及東航受惠重新開放及提價
高盛發表報告,下調今年國內航空客運量預測,料全年客運量將恢復至2019水平的57%(相對之前預測為約72%),以反映過去兩個月Omicron疫情和國內更嚴格的旅遊限制政策影響。 報告指,在3月中旬至5月初,國內航空客運量低於2019年水平的20%。自上海6月1日解封後,目前正恢復至2019年水平的30%。 高盛預計,國內航空客運量將繼續恢復,並在下半年達到2019年水平的70%左右,然後在2023年達到103%。該行認為今年國內航空公司將會面臨比2020年更大的挑戰,因當時國內客流量為2019年水平的71%,預計航空公司在今年將產生比2020年更大的虧損,或進一步限制在資產負債表上的流動性和擴張能力。 高盛指H股航空公司股價接近歷史均值,認為已完全反映Omicron帶來的影響。該行降內地三大航空股目標價(詳見另表),當中偏好國航(00753.HK)和東航(00670.HK),認為它們是重新開放和提價的主要受惠者。
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