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《大行報告》大摩下調太古(00019.HK)目標價至74元 評級「增持」
摩根士丹利發表報告指,國泰航空(00293.HK)的流動性仍然健康,雖然本港爆發第五波疫情令其今年上半年的現金消耗增加,但相信國泰在未來的盈利可以持續。 該行表示,若國泰的流動性得到保證,此主要憂慮去除是太古(00019.HK)股價表現跑贏的關鍵,認爲集團的估值是有吸引力,因太古地產(01972.HK)業務穩定,飲品業務維持強勁,而海洋業務亦可受惠於高油價。 大摩重申對太古股份「增持」評級,基於資產淨值折讓由35%擴至40%,目標價由82元降至74元,並調高集團去年每股盈利預測101%,以反映國泰去年下半年初步業績勝預期,今年兩年預測則分別降3%及1%。
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