《大行報告》大和降中銀航空租賃(02588.HK)評級至「持有」 目標價下調至62元
大和發表報告指,中銀航空租賃(02588.HK)發盈警,預期今年上半年將盈轉虧,由去年同期的賺2.54億美元,轉為虧損3.1億至3.3億美元,主要由於其於俄羅斯的17架飛機以5.807億美元全額銷賬。
該行表示,參考其他飛機租賃商對俄羅斯飛機全數減值的做法,認為市場對中銀航空租賃是次的明顯減值不應感到意外。有關減值約佔集團於今年6月底市值的約10%。撇除減值影響,大和估計集團上半年錄盈利約1.9億美元。
大和將中銀航空租賃今年至2024年每股盈利預測下調5%至31%,反映俄羅斯制裁以致17架飛機減值對其財務的影響,股份評級同時由「跑贏大市」降至「持有」,目標價由67元調低至62元。該行認為,集團股價年初至今表現跑贏大市,應等待更好的買入點。
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