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《大行報告》花旗維持南航(01055.HK)「買入」評級 行業首選國航(00753.HK)
花旗發表報告指,南航(01055.HK)公布第三季和首三季業績強勁。單計第三季收入477億元人民幣,創歷史新高。撇除匯率因素,報告估算南航上季淨利潤預計略低於2019年第三季,主因高油價導致的毛利率下降,以及機隊利用率未完全恢復。 報告指,由於南航第一季純利快速回升,預計全年淨利潤為10億元人民幣,但由於淡季旅遊需求減弱,燃油成本仍然高企,預計第四季度淨虧損為2.88億元人民幣。 該行維持對南航H股目標價4.6港元。維持「買入」評級。該行行業首選是國航(00753.HK),因看好其國際業務量敞口較大等。
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