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《大行報告》美銀證券:客機失事對東航(00670.HK)有短期負面影響
阿思達克 03-22 10:51
美銀證券發表研究報告指,中國民航局證實東航(00670.HK)MU5735航班在廣西梧州附近墜毀,該波音B737-800客機上載有132名乘客及機組人員。美銀指,東航將暫停所有B737-800飛機運行,考慮到疫情影響,昨日在中國運營的航班已從2月初的1.4萬班航班減至少於4,000班,認爲運力減少短期內對東航的影響應該可控,但預期長期停飛將影響東航捕捉疫情後復甦機會。 美銀指出,重大空難在中國十分罕見,中國航空業在此次事故前已經安全運營4,200日,對上一次重大事故發生在2010年8月24日,當時河南航空有一架飛機在接近宜春機場時在大霧中墜毀,機上96人中有44人遇難,事故發生後同年9月中國國內交通量按月下降約15%,下降幅度僅比正常的9月份季節性下降約10%略高,之後幾乎沒有影響。 該行指,遭遇事故的航空公司通常會在事故發生後的6至9個月內會出現需求中斷,不能排除東航股價將因MU5735失事而在短期內走弱,目標價爲3.7元。但認爲該公司擁有足夠強大的樞紐、品牌和財務狀況,有足夠的規模來度過事件,評級「買入」,惟重申對中國主要機場股的負面看法。
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