《大行報告》瑞銀下調中銀航空租賃(02588.HK)目標價至76.5元 評級「買入」
瑞銀髮表研究報告指,中銀航空租賃(02588.HK)日前發盈警,預期上半年稅後淨利潤將按年下跌約20%至25%,主要是由於期內錄得減值損失及呆賬撥備,預期達9,000萬美元至1億美元。
惟該行預期,中銀航空租賃未來收入增長仍維持強勁,今年首季已交付17架飛機,預期次季水平相若,交付時間表暢順,相信全年可達成交付79架飛機的目標。
該行表示,基於盈警中的減值及撥備,將2021及2022財年稅後淨利潤預測下調17%及9%,降至5.9億美元及7.42億美元,料全年派息比率維持35%,目標價下調6%由81.2元降至76.5元,維持「買入」評級。
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