《大行報告》摩通上調內地三大中資航空股目標價 評級「增持」
摩根大通發表研究報告指,疫情後中國航空業復甦,國內機票價格自1月中旬以來強勁反彈,並在農曆新年旅遊旺季過後持續穩步上揚。展望未來,摩通預計中國民航總局將繼續開展自2017年推出、但因疫情而中斷的市場化價格改革,至今已分三階段放寬約六成國內航線的價格上限,憧憬行業定價及盈利能力前景向好。
摩通又指,數據顯示未來幾年行業機隊運力增長相對溫和,飛機訂單交付亦較預期慢,令供應或趨緊,因此上調該行覆蓋的所有中國航空公司盈利預測,預計行業將在今年重新錄得盈利,較早前預測提前一年扭虧,並預計明年利潤將超越疫情前水平。
摩通上調中國三大航空公司的目標價,並全部維持「增持」評級,中國國航(00753.HK)目標價由7.6元上調至8.6元,東方航空(00670.HK)目標價從3.8元上調至4元,而南方航空(01055.HK)則由5.6元調升至6.8元。
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