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《大行報告》匯豐研究首予中銀航空租賃(02588.HK)「買入」評級 目標價71元
阿思達克 12-03 09:49
匯豐研究發表報告,監於中銀航空租賃(02588.HK)轉向出租其飛機,預期其機隊將會更新,該公司機齡更細、而且剩餘租期長,公司債屬投資級別,顯示其在行業不確定性中表現穩定。該行首予中銀航空租賃「買入」評級,目標價71元。 匯豐研究相信,Omicron變種病毒帶來的影響會少過之前幾波疫情,預料隨着航空租賃行業復甦,會加速淘汰舊機,以減低燃料成本和減少碳排放。該行預期中銀航空租賃的租賃收益率會在2024年纔會恢復到2019年水平租賃,淘汰舊機的收益會逐步收復。 匯豐研究認爲,中銀航空租賃機隊機齡更小,較同行有優勢。該行假設該公司在今年下半年至明年間的資產減值爲1.72億美元,預測2020至2023期間經常性利潤複合年增長率爲9%。
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