《大行報告》星展上調東航(00670.HK)目標價至3元 上半年疲弱表現仍將拖累全年盈利能力
星展發表報告指,預計東航(00670.HK)2023財年淨虧損將會是同業之中最嚴重的,但仍有望在2024財年得到改善。該行表示,雖然隨著中國取消旅行團限制,內地航空公司的國際客運量復甦軌跡已變得更清晰,但東航上半年的表現令人失望,淨虧損位居同業之首。雖然該行對公司下半年前景感到樂觀,但其中期表現仍會拖累全年盈利能力。不過,該行相信隨著更多國際航班恢復及營運效率提高帶動單位成本下降,客運量攀升,料集團將在2024財年扭虧為盈。
該行上調東航2023及24財年的EBITDA預測介乎6%至9%,又認為集團目前的估值與其基本面一致,將東航H股目標價由2.8元上調至3元,維持「持有」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.