大行评级｜美银：上调长和目标价至62港元 重申“买入”评级

Group 1 - The core viewpoint of the report is that Bank of America Securities maintains a "Buy" rating on CK Hutchison Holdings (长和), raising the target price from HKD 57 to HKD 62, primarily reflecting the normalization of retail business valuations and the increase in net asset value of its subsidiary, ASW (屈臣氏集团) [1] - The firm is optimistic about CK Hutchison's willingness to take actions that can unlock value, despite uncertainties surrounding the potential divestment of its port business [1] - The current valuation, which reflects a 54% discount to net asset value, is considered attractive, as the risks have been adequately reported by the media [1]