《大行報告》美銀證券上調國泰(00293.HK)目標價至10.7元 評級「買入」
美銀證券發表報告指出,國泰航空(00293.HK)料上半年錄純利40億至45億元(包括19億元一筆過非現金收入),大幅超過全年純利預測39億元,亦是自2010年上半年以來最高紀錄。
國泰另宣布計劃在未來12個月回購價值195億元的優先股,該行認為是一個正面的跡象,表明管理層對國泰未來一年的自由現金流產生能力充滿信心,有機會在公司復甦的某個階段後恢復派發普通股股息。
該行將國泰2023至2025年的基本盈利預測平均上調20億元,以反映盈利前景勝預期。在考慮季節性因素、運力增加和內地航班改善的貢獻下,該行料國泰今年下半年純利42億元。對公司目標價由10元上調至10.7元,維持「買入」評級,認為公司於重新開放後的盈利復甦被低估。
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