《大行報告》大和升東航(00670.HK)評級至「買入」 目標價維持3.3元
大和發表報告指,根據內地文化旅遊部數據,今年端午節(6月3日至5日)假期的本地旅客達7,960萬,雖然按年下跌11%,但已相當於疫情前87%的水平。至於本地旅遊收入按年下跌12%至258億元人民幣,恢復至疫情前66%。
該行預期,國內本地及國際旅遊料於今年下半年反彈,而於最新一輪的疫情爆發時,東航(00670.HK)的客運收益公里(RPK)較該行預期疲弱,按年下跌46%。雖然5月估計仍會受壓,但大和相信下半年旅遊需求會較上半年改善。由於近期內地政府的經濟刺激措施,國際航班的管控亦有望於下半年放寬。
大和上調東航股份評級,由「跑贏大市」升至「買入」,目標價維持3.3元,因今年首四個月的旅遊需求疲弱及燃料成本上升,預期集團今明兩年的虧損會擴大,但2024年料會回復盈利。
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