中國國航 (753 HK): 價格優先戰略效果顯著 December 14, 2017

投資概要:

  • 17年前三季多賺一成半
  • 控運力、“價格優先”戰略效果顯著
  •  與漢莎合營有助受益於歐洲經濟復蘇

投資建議

根據最新的數據,我們調整公司2017/2018年的歸屬淨利潤為96.8/95.5億元人民幣,每股盈利預測至0.67/0.66元人民幣,調整目標價至8.67港元,對應2017/2018年各11/11倍預計市盈率,1.45/1.31倍預計市淨率,鑒於近期股價已有明顯升幅,下調至增持評級。

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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