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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中國南方航空股份有限公司 - H股 (1055)

Thursday, November 3, 2022 Views5885

中國南方航空(01055.HK)

 

 

主要業務

本集團股份亦於上海證券交易所上市,編號為600029。

中國南方航空股份有限公司從事提供國內、國際、地區定期和不定期客運、貨運、郵件和行李運輸、通用航空和飛機維修服務。 該公司通過以下部門運營:航空運輸業務和其他部門。 航空運輸業務部門從事客運、貨運和郵件業務。 其他部門包括酒店和旅遊運營、地勤服務、貨物裝卸和其他雜項服務。 公司成立於1995年3月25日,總部位於中國廣州。

集團是中國最大的航空公司之一,以廣州為核心樞紐,以北京為重要樞紐,覆蓋全國,輻射亞洲,連接歐、美、澳、非航線網絡。

 

業務展望

南方航空發佈三季報,第三季度淨虧損60.99億元,前三季度淨虧損175.87億元。今年9月,本集團客運運力投資同比下降33.79%,其中國內同比下降35.84%,區域及國際分別增長227.66%和17.01分別為同比%;客運周轉量同比下降34.38%,其中國內同比下降36.59%,地區和國際同比分別增長359.61%和33.77%;客座率為68.26%,同比下降0.62個百分點,其中國內同比下降0.81個百分點,地區和國際分別同比上升12.54和8.38個百分點。

 

貨運方面,9月份貨運能力投入同比增長7%;貨郵周轉量同比增長19.91%;貨郵載運率為60.44%,同比提高6.51個百分點。期內,本集團引進一架A321NEO飛機。截至2022年9月末,本集團共運營運輸機886架。

 

為盡快落實國務院關於逐步穩定增加定期國際客運航班的有關部署,南航迅速制定航班恢復計劃,陸續恢復和增加多條國際航線航班。 中國南方航空公司表示月底恢復並加密多條國際航線。 同時,廣州-迪拜、廣州-馬尼拉、廣州-曼谷、廣州-金邊等航線將增開航班。估計最差的情況已經過了,股價這兩年未再創新低。

 

投資建議

建議買入: $4 建議沽出: $4.9 建議止蝕: $3.8

 

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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