國泰遭摩通、匯豐下調評級及目標價 見3年最大跌幅 (15:21) – 20250313 – 即時財經新聞

摩通指,國泰2024年度業績強勁,管理層認為前景既有挑戰,亦有機會。國泰股價由去年11月起累升35%,跑贏同業及恒指,已接近該行早前的目標價(12.3元)。認為股價偏高,已相當於1.2倍市帳率,應對風險回報作出平衡,因而將目標價及評級下調,但認為6厘的股息率在全球同業中較高,相信可為股價提供支持。

摩通指,雖然乘客收益率降、可用座位千米數增,但乘客運載率維持健康的83.2%,國泰預期區域客運率將趨於穩定,而長途航線將持續調整。貨運方面,電商佔國泰貨運近半,仍將是增長動力,而香港是中美航空貨運的重要樞紐。因貨運佔國泰收入26%,美國擬取消「小額豁免」(de minimis)將對國泰收益產生低單位數影響,直接的財務影響有限。但鑑於當前的貿易動態和監管變化,國泰航空作為主要航空貨運中轉樞紐的地位可能會受到更負面影響。

摩通指,國泰2024年接收12隻新飛機,但2025年則只有4隻 A321neo,但同時有4隻退役,首隻波音 777-9更要2026年才接收,相信在供應受限下,國泰的收益率仍會有支持。

匯豐指,國泰第二季表現好過預期,主要受惠於高收入、低燃料成本及稅款。乘客收益率下降,逐步回復正常水平。對於貨運,國泰航空稱監管變化不確定,但到目前為止,第一季尚未看到任何結構性影響。

匯豐認為,對中國「小額豁免」包裹的更嚴格規和美國對中國進口產品徵收的額外關稅,可能會對國泰航空今年剩餘時間的貨運量增長造成壓力,儘管可能會因關稅、禁令前看到貨運量短期內出現上升。此外,香港機場第三條跑道投入使用,可能會吸引其他航空公司增加在該機場的航班時刻,對國泰航空構成競爭威脅。

匯豐指,由於客運量和貨運量下降,將2025-26年息稅前利潤預測(EBIT)下調2至4%,但收益率下降速度放緩的假設部分抵消這一影響。由於淨利息較高,將2025至26年的經常性利潤大幅下調5至11%。預計2025至26年息稅前利潤(EBIT)將持續下降,部分原因是聯營公司貢獻的增加。該行的2025至26年經常性利潤比普遍預期低7至12%。

國泰(0293)曾跌最多6.79%,是2022年3月7日後最大跌幅,當日跌幅為8.57%。低見10.16元,是2月28日10.1元後最低。現報10.34元,跌5.14%。連跌3日,累計跌0.82元,對上一次連跌3日是2024年12月18日。連續第2日陰燭,對上一次連續第2日陰燭是2月20日。成交金額增23.37%,至5.19億元,是2024年11月15日後最多,當日達9.86億元。

其他報道

滬深三大指數連跌兩個交易日 滬指跌0.39%

太古A、B一度跌逾7% 去年少賺85% 不派特別息

百威亞太據報裁員數千 擬削成本約15%

半日沽空金額減5% 南方恒生科技增4% 與盈富街貨齊減

太古去年少賺85% 太古A派息2.1元 太古B派息42仙 不派特別息

九倉全年轉蝕32億元 派息0.2元 基礎盈利28億遜預期

新鴻基公司發盈喜 料轉虧為盈 賺最多4億

太古地產盈轉虧蝕7.7億元 第二次中期息76仙

恒指半日跌173點 科指跌2.1%見一周低 失守10天、20天線

美國監管機構據報推進對微軟反壟斷調查

傳內地監管機構促四大行維持對新世界現有信貸額度 新世界曾升3.7%

港元拆息全線向下 總結餘上升 Shibor普遍向下

據報港交所正討論降每手股數 降入場門檻

瑞銀重新預期美元2025年偏軟



Source link

Visited 1 times, 1 visit(s) today

Related Article

恒指跌137點 5日累跌907點 見兩個月最長連跌 北水、大市成交1個月低 淨流入減79% (16:31) – 20250313 – 即時財經新聞

恒指今早高開16點,高位升112點,低位跌401點,高低波幅514點。上升股份比例為26.2%,下跌為39.63%,無升跌為34.16%。 恒指收市跌137點或0.58%,報23462點,大市成交金額2338億元,較上日減少16.04%,是2月11日2196.12億元成交後最少;國指跌41點或0.48%,報8640點。恒生科技指數收報5747點,跌1.67%。 藍籌股成交金額1079.09億元,佔大市成交46.15%;科指成份股成交金額760.03億元,佔大市成交32.5%;國指成份股成交金額979.33億元,佔大市成交41.88%。 24隻雙櫃台股,總成交0.8億元人民幣,相當於約0.86億港元,佔大市成交的0.04%。 窩輪及牛熊證成交金額增加15.55%,至177.13億元,佔大市成交7.57%。牛熊證成交金額86.16億元,增加46.6%;窩輪成交金額90.97億元,減少3.75%。 藍籌23隻升,58隻下跌,2隻無升跌。神華(1088) 升1.93%,收報31.75元,是升幅最大的藍籌,中芯國際(0981)跌4.96%,收報49.85元,是跌幅最大的藍籌。 恒生科技指數成份股4隻升,26隻下跌。升幅最大的是小米(1810)收報52.85元,升1.54%;跌幅最大的是同程旅行(0780)收報18.42元,跌8.13%。 恒指跌穿10天線(23571.32點),曾跌穿20天線(23340.38點)。科指跌穿10天線(5794.96點)、20天線(5748.44點)。 北水南下合計淨流入54.66億元,較上日減少79.15%,淨流入金額是3月12日262.11億元後最多,3月11日為淨流40億。連續第2日流入,累計流入316.78億元,對上一次連續2日淨流入是3月6日。北水本月累計流入928.17億元,按月減少39.25%,連續第21個月流入。北水交易成交額(包括買入及賣出交易)1046.81億元,較上日減18.04%,是2月6日後新低,當日報881.32億。北水交易成交額佔香港市場成交額由上日的22.93%減至22.38%。 三大指數表現 恒指曾跌最多1.7%,是3月12日後最大跌幅,當日跌幅為1.76%。低見23198.73點,是3月5日23090.63點後最低。收市報23462.65點,是3月4日後收市新低,當日報22941.77點。連跌5日,累計跌907.06點,對上一次連跌5日是1月10日。連續第2日陰燭,對上一次連續第2日陰燭是2月28日。 科指曾跌最多3.43%,是3月12日後最大跌幅,當日跌幅為3.54%。低見5644.68點,是3月5日5565.54點後最低。收市報5747.77點,是3月4日後收市新低,當日報5535.64點。連跌2日,累計跌219.46點,對上一次連跌2日是3月10日。連續第2日陰燭,對上一次連續第2日陰燭是2月28日。 國指曾跌最多1.74%,是3月12日後最大跌幅,當日跌幅為1.88%。低見8530.79點,是3月5日8429.22點後最低。收市報8640.61點,是3月5日後收市新低,當日報8630.4點。連跌2日,累計跌114.76點,對上一次連跌2日是3月10日。連續第2日陰燭,對上一次連續第2日陰燭是2月28日。 午後消息股表現 國泰(0293)遭摩通、匯豐下調評級及目標價 見3年最大跌幅。收報10.3元,跌5.5%。 百威亞太(1876)據報裁員數千 擬削成本約15%。收報8.64元,跌0.35%。 太古去年少賺85% 不派特別息。太古A(0019)收報69.05元,跌5.67%。 太古B(0087)收報10.64元,跌6.5%。 九倉(0004)全年轉蝕32億元 派息0.2元 基礎盈利28億遜預期。收報19.4元,跌4.67%。 新鴻基公司(0086)發盈喜 料轉虧為盈 賺最多4億。收報2.87元,升1.77%。 太古地產(1972)盈轉虧蝕7.7億元 第二次中期息76仙。收報16.32元,升1.12%。 今早及隔晚消息股表現 傳內地監管機構促四大行維持對新世界(0017)現有信貸額度。Ares據報擬折扣價從銀行收購部分新世界債券。收報5.24元,升1.16%。 據報港交所(0388)正討論降每手股數 降入場門檻。收報344.2元,跌1.49%。 據報匯控(0005)為部分投資銀行家安排短期留用協議。收報85.65元,升0.71%。 獅騰控股(2562)推Geene TurboGT 少於1秒實現AI生成回應。收報28.1元,升12.18%。 金川國際(2362)折讓13%配股 籌3.8億。收報0.64元,跌12.33%。 新秀麗(1910)全年少賺13% 派息0.1074美元 料全球旅遊業及觀光業穩步增長。收報19.7元,升1.03%。 多間公司最快今日公布業績,績前表現如下,東方海外(0316)收報112.8元,跌2.08%。 白雲山(0874)收報18.38元,跌1.18%。 中銀航空租賃(2588)收報61.85元,升0.32%。 俄鋁(0486)收報5.13元,升1.38%。 順豐房託(2191)收報3.2元,跌0.62%。 廖創興企業(0194)收報3.87元,無升跌。 惠理集團(0806)收報1.72元,無升跌。 越秀交通基建(1052)收報3.74元,跌1.32%。 粵運交通(3399)收報1.77元,升2.31%。 江銅(0358)斥1807萬美元增持索爾黃金,持股升至逾12%成最大股東。收報13.46元,升0.3%。 百度(9888):完成發行20億美元零息可交換債券。收報89.45元,跌0.67%。 國泰(0293):客運力未來一年有增長空間,目標年底航點突破100個。香港快運盈轉虧,林紹波:基本營運數據理想,長遠仍看好。國泰調整有擔保可轉換債券轉換價,未償還本金總額21.64億元。收報10.3元,跌5.5%。

‘Many years since I saw Elon almost crying …’: Elon Musk seems to be almost ‘choking’ in interview talking about Tesla struggles and …

Tesla CEO Elon Musk looked visibly uneasy and emotional during a recent interview on Fox Business when asked about the struggles of his companies. During the interview with Larry Kudlow, Musk admitted he was managing multiple businesses “with great difficulty” as Tesla’s stock suffered its worst drop in over three years and his social media

Nasdaq Correction: 3 Safe High-Yield Dividend Stocks to Buy Now

The Nasdaq Composite (NASDAQINDEX: ^IXIC) started this week tumbling 4% on Monday — the index’s worst day since September 2022 — and is still 12.5% off its all-time highs after today’s trading session. When the major indexes are making new all-time highs, it’s easy to overlook the benefits of dividend stocks. But when the market

Inflation: don’t cheer yet

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. The market did not crash on fears of stagflation yesterday, after a colder than anticipated consumer price index

Could Trump’s tariffs trigger a recession in the US? What experts predicting

Mar 13, 2025 08:10 AM IST Donald Trump’s tariffs have sparked US recession worries, with Goldman Sachs raising the odds to 20% and J.P. Morgan estimating 40%.  Tariffs placed by Donald Trump on China, Mexico and Canada have become the cause for concern about whether a recession is coming to the country. Now, many Americans

Asian stocks wobble as US inflation fails to ease trade worries

Ongoing worries over Donald Trump’s trade war overshadowed a below-forecast US inflation reading (STR) Asian investors struggled Thursday to build on much-needed gains on Wall Street as a below-forecast read on US inflation was offset by ongoing concerns about President Donald Trump’s trade war. With governments around the world trying to figure out how to

Nasdaq Stock Market Correction: Is Nvidia a Screaming Buy Right Now?

In just a matter of weeks, tech stocks have gone from stretching to all-time highs to plunging on concerns around tariffs and even a recession. As of March 11, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has fallen 13.6% from its closing peak on Dec. 17, 2024. The tech-heavy index was hovering around all-time highs as recently

Tesla isn’t the Elon Musk company you should worry about. It’s Starlink.

The next phase of Elon Musk’s plan to entangle his companies with the workings of the federal government is well underway. That entails not only President Donald Trump’s photo op with a Tesla in front of the White House but also, surprisingly, the future of your internet connection. More specifically, Musk is making moves that

New data shows egg prices up 10.4%. Here’s what else is costing you more

We spoke with Agriculture Secretary Brooke Rawlings, who says it may take until the summer to see the effects of the Trump administration’s new plan to bring down egg prices. Rawlins says the USDA has *** 5 point plan bringing more hens into repopulating flocks, removing red tape to help the industry grow, considering temporary

Why Nvidia, Intel, Broadcom, and Other Semiconductor Stocks Rallied Wednesday Morning

Incremental improvements in the state of the economy and a potential groundbreaking collaboration in the chip industry helped spark a broad-based market rally. Investors and consumers have all grown weary of persistent inflation, and the state of the economy has been top of mind on Wall Street and Main Street alike. There was finally some

Is the inflation drop good news for mortgage rates?

The latest inflation data could have an impact on where mortgage rates are headed next.  Getty Images Wednesday’s inflation report from the Bureau of Labor Statistics (BLS) revealed that inflation decreased in February to 2.8% from 3.0% the month prior. This shift in inflation broke a four-month streak of inflation increases, offering some hope that

US stocks swing wildly as traders ponder tariff risks, CPI data

Turbulence was again on display in the US stock market on Wednesday, with the S&P 500 Index swinging wildly between gains and losses as investors assessed a deepening trade war and a cooler-than-expected inflation report. Stocks have struggled to stabilize after a three-week selloff that has wiped out almost 10% from the S&P 500 as

Recession fears are rising—what to expect if one happens

As President Donald Trump escalated trade tensions with new tariffs and retaliatory threats, the stock market tumbled this week, fueling recession fears. On Sunday, Trump addressed concerns about an economic slowdown on Fox News’ “Sunday Morning Futures,” describing the recent turmoil as “a period of transition” and saying, “It takes a little time, but I

Nasdaq Stock Market Correction: Is Nvidia Stock a Buy at 27% Off Its High?

The artificial intelligence (AI) chip giant’s stock is trading at an attractive valuation. Nvidia (NVDA 6.78%) stock has been a fantastic medium- and long-term winner and even a winner over the last year. But shares of the artificial intelligence (AI) chip and technology leader have been having a tough time recently. Nvidia stock closed at

Hedge funds slash bets as Trump’s trade war causes ‘a lot of pain’

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Hedge funds have slashed their bets on equities and cut their borrowings from banks as they struggle to deal with surging market volatility triggered by US President Donald Trump’s global trade war. A sharp

Here’s the inflation breakdown for February 2025 — in one chart

Eggs for sale at a grocery store in Los Angeles on Feb. 26, 2025. Eric Thayer/Bloomberg via Getty Images Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump’s tariff policies could stall progress. The consumer price index rose 2.8%

Trump’s Unexpected Blow to Wall Street

Good morning. At a White House event yesterday, Trump’s handwritten notes were once again caught on camera. This time, they read like a Tesla sales pitch. In today’s big story, Wall Street assumed that the stock market would act as a check on Donald Trump’s new administration. That isn’t panning out. What’s on deck Markets:

0
Would love your thoughts, please comment.x
()
x