The Zhitong Finance app learned that Goldman Sachs released a research report stating that it maintains the “buy” rating of Taikoo A (00019), with a target price of HK$84. The company announced the sale of Pacific Coca Cola in the US to the parent company Pacific Group in the United Kingdom at a total cost of 3.9 billion US dollars (about HK$30.4 billion). Pacific will also distribute special interest of HK$11.7 billion in earnings. Taikoo A will pay HK$8.12 per share, while Taikoo B (00087) will pay HK$1.624 per share. Taikoo Chairman Bradley said the Greater China region and Southeast Asia will be the strategic focus, and capital will increase local investment.

The bank pointed out that Pacific is still the bank's first choice for coverage in Hong Kong: (1) Hong Kong/Mainland is affected by the reopening of retail and aviation industries, so there is potential room for growth; furthermore, (2) compared with peers, management is more willing to return revenue buybacks and special dividends to shareholders through the following methods. Taking last year as an example, the group launched a HK$4 billion financing share repurchase program. So far, it has spent HK$3.3 billion to buy back 5.5%/2.0% of issued A/B shares. The most recent repurchase was on May 10. Based on this, the bank believes the group may launch another round of share repurchase programs in the future.