瑞银发表研究报告指,由于太古股份公司A的估值折让扩大、明年信贷指标改善、及物业和航空业务得到改善,该行将公司2025至27年的盈测上调7至11%,评级由“沽售”上调至“中性”,目标价由59.9港元上调至75港元。 该行指出,太古本年至今的表现逊于相关上市公司,其相对相关上市公司市值的折让率已由今年2月的19%扩大至目前的31%,接近该行30%的目标折让率。另外,该行相信,由于地产业务盈利有所改善,预料回购的可能性会较高。该行估计,今年上半年太古的基本经常性溢利将按年上升12%,主要是由于国泰及ThaiNamthip的贡献增加,但被物业贡献的跌幅略为抵销。
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