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大行評級|海通國際:給予美蘭空港目標價13.86港元 看好自貿港龍頭機場長期成長空間
海通國際發佈研究報吿稱,因旅客吞吐量、起降架次、單位人均免税銷售額均有下滑,該行調整美蘭空港23E/24E/25E EPS分別至-0.22元、0.51元、1.37元/股(原EPS預測為0.29元、1.03元/股、2.10元/股),目標價13.86港元。報吿提到,當前美蘭機場“雙航站樓、雙跑道”模式平穩運行,該行認為產能瓶頸已不復存在,新增產能亟待釋放。隨着海南島免税政策不斷推進,美蘭空港作為主要進出口岸和旅遊線路交通樞紐,有望進一步築牢客流量優勢。公司中長期規劃清晰,將繼續推動時刻擴容申請及三期擴建項目籌備工作,進一步打開未來發展空間。
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