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大行評級|花旗:維持國泰航空“中性”評級 認爲現時轉爲更正面看法仍過早
格隆匯 03-13 10:53

花旗發表研究報告指,撇除優先股影響,國泰航空去年下半年核心利潤56.6億港元,而2023年同期爲51.2億港元。撇除聯營公司,核心利潤爲50.1億港元,按年增加24%,並較去年上半年升39%。全年計,集團的核心利潤較市場預測高出13%。

花旗表示,雖然國泰盈利表現勝預期,加上由於寬體客機供應緊張,今年中、長途客機票價定價應不會面對顯著下調壓力,但認爲現時對國泰抱更正面看法仍過早。報告提及,本年至今國泰於太平洋及亞歐地區的貨運收益率持續下降,如果美國全面取消對中國進口貨品的最低限度免稅門檻,國泰相對較大的跨境電子商貿敞口,可能對需求及收益率構成額外的下調壓力。該行維持集團“中性”評級,目標價10.5港元。

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