瑞银发表研报指，虽然自国泰(00293.HK) 宣布回购可转换债券以来，其股价已上涨近30%。但该行仍对国泰保持乐观，认为公司正处于有利地位，未来数年能实现高于趋势的营业利润率。
该行预计，国泰2024至2026财年的营业利润率将处于中低水平，2025至2026财年收益率将为5%至8%。该行将国泰目标价由10.8元上调至12.1元，给予“买入”评级，并维持为该行的行业首选。
瑞银将国泰2024财年净利预测小幅上调2%，以反映燃油价格下跌及货运表现好于预期。虽然2024年下半年国泰客运收益率持续放缓，但仍预计仍将保持在2019年水平以上30%的较高水准。另外，由于考虑到较低的可用座位公里(ASK)回收率，该行将国泰2025财年盈利预测小幅下调6%，但由于该行上调客运收益率假设，故将2026财年盈利预测上调36%。(js/w)
(港股报价延迟最少十五分钟。沽空资料截至 2025-01-15 16:25。)
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