Market Brief

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Author

李樂雯女士 (Phoenix Li)
經理

現任職輝立分行經理,對股票、期貨投資經驗豐富。 樂意為客戶提供投資分析及買賣策略。 歡迎各位來電交流心得。
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中國國際航空股份有限公司 - H股 (753)

Monday, February 7, 2022 Views9600

753.HK 中國國航

主要業務

 

集團的主要基地位於中國北京,是中國最大的商業航空公司之一。 主要業務包括: (1) 航空經營業務,即提供航空客貨運輸服務; (2) 其他業務,包括提供飛機維修服務、地勤服務和其他與航空公司相關的服務。

 

投資期望

 

國航(00753.HK)發盈警,預計全年虧損145-170億元

2021 年是 COVID-19 疫情在全球蔓延的第二年。國際航線投資持續受限,國內客運市場客流量波動較大,公司經營效率提升難度加大。油價上漲、匯率波動等因素進一步加大了經營難度,同時與主營業務相關的投資公司也受到嚴重影響

 

內地春節假期民航客運量同比增長40%

2022年春節假期(1月31日至2月6日),民航共運送旅客501萬人次,比2021年春節假期同期增長40.2%。 航班總數62744班全國民航保障,2021年春節假期同比增長33.3%;平均客座率為58.26%,平均航班準點率為97.08%,比2021年春節假期分別提高0.75和0.83個百分點。

 

疫情第三年,亞太地區大部分邊境仍處於關閉狀態,但轉機的曙光已初見端倪。 Omicron疫情爆發後,中國和亞洲其他地區的處理方式越來越分化。相信航空業將受益於今年第二季度。慢轉,但中國今年不太可能放鬆清零政策,中國不開放境外旅遊將限制該地區航空業的複蘇步伐,內地航空業今年僅增長約10%。

 

估計最差的情況巳過, 可以等業績公報後吸納作長線投資。

 

投資建議

建議買入: $5.8 建議沽出: $8.1 建議止蝕: $5

 

註:本人李樂雯為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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