The Zhitong Finance App learned that Daimo released a research report saying that Taikoo A (00019)'s recent valuation was attractive mainly because current prices reflect the negative value of its beverage business and the value of Cathay Pacific. The bank gave it an “increase in holdings” rating, with a target price of HK$71.

The report mentioned that Taikoo's A-share price is expected to outperform the market in the next 60 days, with a chance rate of more than 80%. The stock's recent fall in stock prices has made short-term valuations more attractive; while Cathay Pacific (00293), where Taikoo Group holds 45% of its shares, will announce an interim dividend to show its strong operating cash flow.