大和:下調太古地產(1972.HK)今明年盈測 削目標價至40.1港元
大和發表研究報告表示,太古地產(1972.HK)去年基礎盈利按年升1.38倍至241.3億港元(下同),因受到出售非核心資產錄得165億元收益所支持,雖然該行認為今年對集團而言是具挑戰性的一年,但集團具有充足的資源以應對有關情況。基於每股資產淨值57.3元三成折讓的預測,將太古地產目標價由40.9元下調至40.1元,重申“買入”投資評級。
該行指,集團具有強勁的資產負債表、高質素兼分佈平均的資產組合,以及穩健及持續增長的發展儲備,惟受疫情影響,下調太古地產2020年至2021年度的盈利預測8%至9%,但相信太古地產最終會成為贏家。
該行續指,太古地產將致力於提高每股派息,儘管太古地產去年全年基本經營性溢利僅按年升1%,但每股派息按年升5%,而太古地產在眾多家族企業中對“環境、社會和企業管治”和現代化資本管理有非比尋常的投入。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.