《大行報告》星展上調國泰(00293.HK)目標價至12元 評級「買入」
星展發表研究報告指,國泰(00293.HK)能夠有效獲取龐大的客戶群,而且已在商務旅行市場上建立良好聲譽。該行相信,由於客座率和收益率具有彈性,未來兩年將錄得理想的盈利,並將在短期內繼續為市場帶來驚喜,又認為國際運力供應緊張和高端休閒旅遊需求強勁,將在一段時間內繼續支撐客運收益率和客座率處於較高水平。該行將集團2023及24財年的核心盈利預測上調52至77%。
該行認為,集團目前的估值具有吸引力,此外,在未來12個月內贖回優先股後,即將在2024財年恢復派息亦將成為其重估催化劑。該行維持集團的「買入」評級,目標價由9.8元上調至12元,以反映對其2023及24財年的正面盈利預測。
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