《大行報告》里昂降國泰(00293.HK)評級至「跑贏大市」 客運量提升盈利
里昂發表報告指,國泰(00293.HK)客運量提升盈利,去年下半年普通股股東應佔利潤51億元,比上半年增長29%,較該行預測高出22%,恢復派息的時間亦早過該行預期。
里昂認為,由於機票價格回調(年初至今為止按年下降約10%)和員工成本上升,目前該股價格對比風險回報吸引力已有所下降,同時仍缺乏貨運好轉的早期跡象。該行將國泰2024至2025年盈利預測下調4至5%。目標價維持10.6元不變,但將評級從「買入」下調至「跑贏大市」。
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