《大行報告》瑞信下調內地三大航空股目標價 降南航(01055.HK)及東航(00670.HK)評級至「中性」
瑞信發表報告指,在重新開放的憧憬下,內地航空股今年表現具韌性,預計在冬季流感季節和3月初的兩會後,可能會進一步放寬相關政策,故相信現價已反映短期利好因素。
報告指,國內運力的恢復很大程度上取決於疫情和地方政策的實施,預計流量將從目前25%的疫情前水平,在明年第二季恢復至疫情前水平70%,然後在明年底全恢復。國際運力在短期內可能僅有微弱的改善,出境旅遊可能在明年下半年才回升。
瑞信將今明兩年的航空客運量預測,分別下調至疫情前水平的40%和72%,原先預測為75%和95%,可能在2024年全面復甦。同時調低內地三大航空股目標價,國航(00753.HK)由6.4元降至5.5元,東航(00670.HK)由3.7元降至2.8元,南航(01055.HK)由5.5元降至4.1元。另將南航及東航評級由「跑贏大市」降至「中性」,國航維持「中性」評級。
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.