Reported 8 months ago
On June 18, 2024, U.S. Bank Securities raised the target price and profit forecast for two major airline giants, EVA Air (2618) and China Airlines (2610), attributing to their dual benefits. EVA Air received a buy rating with the target price raised from 30 yuan to 43 yuan, considered the most attractive stock. With strong foreign firepower, foreign investors net bought 77,900 shares of EVA Air and 36,200 shares of China Airlines on the 18th. This marks the first investment report on the airline giants by U.S. Bank Securities in two years. They believe the new cycle of air cargo transport and sustained high airfare prices for passenger transport will bring high profits to EVA Air. U.S. Bank Securities stated that the share price of EVA Air is less than 3 times the EV/EBITDAR, approximately at 2.2 times, making it one of the lowest-valued international airlines. Additionally, EVA Air announced an increase in flights on the Taoyuan-Seoul route to cater to the upcoming summer peak season, proving to be an attractive investment.
Source: YAHOO