Gelonghui, December 6 | According to a report published by Citigroup, the scale of the Taikoo share repurchase plan has brought surprise to the market. The HK$6 billion repurchase is equivalent to about 9% of the market value, which is higher than the previous repurchase of HK$4 billion. Under current fluctuations in the stock market, the relevant repurchases will be welcomed by investors, and the net asset value (NAV) discount will be narrowed from the current level as a result. The bank predicts that the repurchase will narrow the asset discount similar to the last repurchase. The current stock price of the stock is equivalent to a 48% NAV discount, which is a standard deviation of the historical average. The bank maintained its “buy” investment rating for Swire A and a target price of HK$72.25.