里昂升太古(0019.HK)目标价至112港元维持“买入”评级
里昂发表研究报告指,太古(00019.HK)将于8月8日公布中期业绩,料上半年经常性盈利为48亿元,主要受惠国泰(00293.HK)燃油对冲、太古地产(01972.HK)的租金增长和港机盈利复苏贡献。

而资本方面则注重其出售资产进展减慢,以及增加投资在航空业。该行上调太古2019-20年经常性盈利增长预测3-5%,比市场预期高2%。该行同时计入出售太古城中心三四期项目和英皇道625号的一次性出售收益,料全年纯利达229亿元。
因应非物业发展业务已找到立足点,将NAV折让比率由26%降mg22%,目标价由105港元升至112港元,维持“买入”评级。
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