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《大行報告》匯豐研究降同程旅行(00780.HK)評級至「持有」 目標價下調至14元
匯豐研究發表研報指,雖然中國第三季初旅遊行業有所復甦,7月至8月表現向好,但由於各地疫情再度爆發,令出遊需求再次受壓,中秋節及國慶黃金周假期的輕微復甦乏善可陳。 該行指,10月1日至7日期間中國航空乘客量及航班量分別按年下降47%及42%,降至疫情以來最低水平,考慮到國內復甦速度慢於預期,將2022至2024年同程旅行(00780.HK)收入及純利預測分別削減5%至24%及24%至42%,認為防疫措施進一步限制人員流動,阻礙公司業務擴展。 該行將同程的投資評級下調至「持有」,並將目標價從19元下調至14元,行業中較看好攜程(09961.HK),又指任何潛在的國際旅行重新開放都可能將消費力從國內市場抽走。
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