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《大行》瑞銀升太古A(00019.HK)目標價至75元 評級上調至「中性」
阿思達克 07-17 10:19
瑞銀發表研究報告指,由於太古股份公司A(00019.HK)的估值折讓擴大、明年信貸指標改善、及物業和航空業務得到改善,該行將公司2025至27年的盈測上調7至11%,評級由「沽售」上調至「中性」,目標價則由59.9元升至75元。 該行指出,太古本年至今的表現遜於相關上市公司,其相對相關上市公司市值的折讓率已由今年2月的19%擴大至目前的31%,接近該行30%的目標折讓率。另外,該行相信,由於地產業務盈利有所改善,預料回購的可能性會較高。 該行估計,今年上半年太古的基本經常性溢利將按年上升12%,主要是由於國泰及ThaiNamthip的貢獻增加,但被物業貢獻的跌幅略為抵銷。
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