投資概要
投資建議
在供需格局改善前提下,我們對明年行業景氣提升持謹慎樂觀態度。南航8 月份完成增發H 股引入美國航空戰略投資者,有望補助公司歐美航線短板。同時公司定增募資133 億也在推進中,完成後將進一步增厚資產。根據最新的數據,我們調整公司2017/2018 年的每股盈利預測至0.71/0.86 元人民幣,調整目標價至8.45 港元,對應2017/2018 年各10/8.3 倍預計市盈率,1.4/1.25 倍預計市淨率,增持評級。(現價截至12 月4 日)
Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.