《大行報告》富瑞下調國泰(00293.HK)目標價至10.5元 評級「買入」
富瑞發表報告指,國泰航空(00293.HK)上半年扭虧為盈,快過預期,估計下半年盈利繼續穩步增長,載客運力只是恢復至疫情前70%,票價仍處於高水平,估計至2024年載客運力才會全面恢復至疫情前水平。
該行估計今明兩年載客運力,分別恢復至疫情前55%及80%。不過隨著載客運力增加,票價將會下調,估計今明兩年乘客收益率各跌14%。該行預期國泰下半年繼續受惠商業及休閒旅遊的「報復式出行」需求,亦預期國航(00753.HK)下半年恢復盈利,帶動國泰聯營分部全年扭虧。
因應7月載客量略低於該行原先預期,予國泰目標價由10.7元微降至10.5元,評級「買入」。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.