大行評級|摩根大通:對內地和香港的航空業看法更為樂觀 上調國航及南航評級至“增持”
摩根大通發表報吿指,在多項有利因素推動下,對內地和香港的航空業看法更為樂觀。展望燃油成本放緩是一個重要的利好因素,因為它減輕了航空公司其中一個主要開支壓力,從而支持利潤改善。報吿提到,由於航空公司可因應強勁的需求完善定價策略,預期市場供應緊縮將有助改善收益管理。在特朗普2.0關税制度和跨境電子商務激增的推動下,預期將進一步刺激提前出貨需求,尤其是航空貨運市場。此外,內地擴大免簽證入境計劃的策略性措施,旨在刺激入境旅遊及商務旅遊,從而重振航空公司的客運量。該行將國航目標價由5.1港元升至5.9港元,南航目標價由4.2港元升至4.6港元,評級均由“中性”升至“增持”;國泰目標價由10港元升至12港元,評級同為“增持”。
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