《大行報告》匯豐研究升首都機場(00694.HK)評級至「持有」 維持內地航空旅遊相關股目標價不變
匯豐環球研究發表報告指,據中國文化及旅遊部數據,中秋國慶黃金周(9月29日至10月6日)國內遊人次較2019年同期增長4.1%,不過國內航線供應過剩的問題仍然存在,估計未來國際航空需求復甦,情況將會改善,尤其是第四季,一般屬國內遊的淡季。
根據Flight Master數據,黃金周期間,國際航班日均數量恢復至2019年的56%,較9月份的50.4%有所提升。該行認為,在各地放寬簽證及入境限制下,之前積壓的國際交通需求繼續釋放,加上內地8月開放第三批出境團隊旅遊地區,會進一步推動國際航班增加,不過出境加拿大及美國航班,在航權限制下,增幅仍然受限。
該行維持內地三大航空公司及首都機場(00694.HK)目標價不變,其中首都機場評級由「減持」上調至「持有」,主要因為近期股價跑輸大市﹔該行維持國航(00753.HK)及東航(00670.HK)評級為「買入」, 估計兩者受惠國際航班復甦,維持目標價7元及3.3元;攜程(TCOM.US)及同程(00780.HK)評級亦為「買入」,預期受惠旅遊業持續復甦。
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