上海機場 (600009.CH): 非航業務超預期,免稅招標即將落槌 October 4, 2017 460

– 半年多賺兩成,淨利按年增21%

– 航空業務收入受准點率考核影響,同比增長3.5%

– 非航業務超預期,大增26%

– 免稅招標即將落槌,樞紐機場價值依然穩固

估值

我們上調公司2017/2018 年的每股EBITDA 將分別至2.17,2.6 元人民幣,我們給予各約20/17 倍估值倍數,提高目標價為人民幣44.35 元,維持“增持”評級。(現價截至9月29 日)

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

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.

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