《大行報告》摩通:國泰(00293.HK)派發自2019年以來首次普通股股息 重申「增持」評級
摩根大通發表報告指,國泰航空(00293.HK)2023年下半年淨利潤較市場預期高出約17%。強勁的盈利能力帶動營運資金創歷史新高,並宣派自2019年以來首次普通股股息。
展望未來,摩通指,國泰客運業務持續復甦,到2025年第一季運力將全面恢復到疫情前水平,加上中國電子商務結構性繁榮和紅海危機下推動航空貨運市場前景,認為國泰今年將繼續保持強勁的盈利能力。重申對其「增持」評級,目標價11.2元。
此外,報告指,國泰將全面恢復至疫情前客運力時間推遲至2025年第一季,可能反映供應鏈和勞動力限制帶來的影響。
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