大行評級|中銀國際:下調中國中免目標價至108港元 維持“買入”評級
中銀國際發表報吿指出,中國中免早於今年1月時發佈業績快報,然而最新披露的詳細業績中,去年第四季盈利表現仍差過預期,季內經營溢利21.07億元,基於有4.03億元財務收入支持,因此仍高於前幾個季度的1.44億元至2.76億元水平。不過,該行認為市場歡迎中國中免透過提高股息分派來分享更多利潤,相信公司未來重點仍是隨着中國更多免籤優惠令機場渠道恢復,以及海南的發展。中國中免持續的努力顯示其在海南可享一定的競爭優勢,從而確保其長期增長。該行維持對中國中免的“買入”評級,相信公司可受惠於海南的旅遊政策和策略發展,目標價由110港元下調至108港元。
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