《大行報告》美銀證券升太古(00019.HK)評級至「買入」 目標價維持64元
美銀證券發表研究報告指,太古(00019.HK)新派息政策將撇除國泰(00293.HK)計,派息比率最少50%,料短期將顯著提高每股分派;該行估算今年度每股分派達2.5元,較原先估算高出47%,意味股息收益率達5%;並意味未來太古派息趨穩定,因航空業務外主業趨勢穩定,相應有利改善估值。該行上調太古投資評級,由「中性」升至「買入」,目標價維持64元,相當於較每股資產淨值折讓34%。
報告料對太古每股分派預測有進一步上調空間。美銀證券稱,撇除國泰虧損,上半年太古核心純利47.4億元,較預測高出12%。該行上調撇除國泰後對太古預測,但下調整體核心盈測8%至33%,以反映國泰虧損預測修訂。
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