大行评级|瑞银:微降太古A目标价至74港元 下调2025至27年盈利预测

格隆汇
Aug 08

瑞银发表研究报告,太古A中期经常性基础盈利为47亿港元,按年跌1%,低于该行预期达12%,主要是国泰航空贡献低于预期。集团中期派息1.3港元,按年升4%,大致上符合预期。管理层重申优先考虑长期策略投资和渐进式股息,而非股票回购;未来的股票回购将取决于股价、负债比率和市场状况。该行表示,将公司在2025年至2027年盈利预测下调1%至5%,以反映对国泰、HAECO及饮料业务盈测的调整,对太古目标价由75港元轻微下调至74港元,评级为“中性”。

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