You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
摩通下调国泰(0293.HK)目标价至13.9港元评级“增持
格隆汇 08-19 11:06

摩根大通发表报告指,香港示威拖累国泰(00293.HK)今年度乘客收益下跌1.5%,乘客运载率亦跌0.5个百分点,不过国泰管理层相信事件过後业务会快速恢复。

报告又称,贸易摩擦仍是不明朗因素,故预期国泰今年货运收益按年下跌5%,运载率则跌4.8个百分点,跌幅高於上半年的水平。因此该行下调国泰2019至2020年盈利预测19%及12%,2021年盈测则上调30%,以反映预期燃油成本的下降。

该行补充,国泰管理层预期下半年业绩较上半年为佳,该行亦相信示威活动属短暂问题,料该公司下半年纯利为16.7亿元,高於上半年的13.5亿元。基于国泰现价相当於市帐率低於0.6倍是不合理的水平,该行下调其目标4%至13.9港元,重申“增持”评级。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account