《大行報告》匯豐研究上調太古(00019.HK)目標價至59元 評級「持有」
匯豐研究發表報告指,太古(00019.HK)上半年業績符合預期,期內經常性基本溢利為7.86億元,扭轉去年同期虧損情況,主要來自太古可口可樂強勁表現所推動,而國泰航空(00293.HK)則表現繼續疲弱。
該行指出,太古旗下各公司前景個別發展,其中旗下太古地產(01972.HK)繼續向好,預期下半年持續復甦。該行對國泰航空載客量目標看法審慎,認為疫情顯著影響國際航線表現,令全年虧損或擴大,將2022年盈利預測下調38%。
匯豐研究表示,綜合太古轄下各上市公司發展預測,調整太古2021至2023年盈利預測,介乎下調4%至上調9.7%,並上調估值基礎,收窄每股資產淨值(NAV)折讓由45%縮窄至40%,目標價由49元上調至59元;惟由於基本面不確定性持續,維持「持有」評級,並建議投資者留意復關進展,因這將顯著改善航空業展望及本港零售租金表現。
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