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大和:升太古地產(1972.HK)目標價至40.9港元 評級“買入”
格隆匯 01-16 14:55
大和發表研究報告,指在上月到訪過太古地產(1972.HK) 旗下上海“ 興業太古匯 ”及其他購物商場後,可以確定公司在中國內地的表現良好,認為投資者不應忽視。
該行又指,公司的股份在2019年底遭拋售,更多是因為資金流向,而不是基本面的問題。在分析了太古地產各項主要業務後,發現其主要弱項是香港的商場及酒店,但該行注意到這些業務對太古地產的相對重要性已大大降低,因為其寫字樓租金仍錄穩定增長,加上內地物業的租金亦有快速的增長。更重要的是,該行相信內地的頂級購物中心現時的定位,可受惠於內地主要城市的中產階級及奢侈品消費持續增長。
該行重申公司“ 買入 ”投資評級,並將其12個月目標價由原來的40.3港元上調至40.9港元。

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