智通财经APP获悉，摩根大通发布研究报告称，将国泰航空(00293)的目标价由12港元，上调2.5%至12.3港元，虽然维持“增持”评级，但却剔出“积极催化剂观察”(Positive Catalyst Watch)名单。国泰昨天(1月9日)举行分析员电话会议，国泰昨天股价升7.8%，达到疫后最高水平，过去3年累计上涨32%。
该行表示，国泰业绩强劲，2024下半年财务业绩预计较上半年净利36亿港元有所改善，主要受货运需求增加，燃料价格下跌和资产处置的推动获得。最近回购了68%的可转换债券，突显国泰对其财务状况充满信心。该股市账率(P/B)为1.1倍，市盈率(P/E)为7.3倍。摩通对国际2025年度的EV/EBITDA为4.3倍，略高于中期周期，但较全球主要同业更便宜，同时提供5%的收益率，故上调目标价，并将目标价延长至2026年6月。
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