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摩通:維持美高梅(2282.HK)“增持”評級 目標價16.5港元
格隆匯 02-13 15:34
摩根大通發表研究報告,指美高梅中國(2282.HK) 去年末季表現輕微優於預期,EBITDA較預期高出介乎2%至3%,而細節(包括成本控制、半島表現強勁)都表現得宜,除了新型冠狀病毒肺炎疫情影響難以控制外,其他情況都符預期,但路氹項目經調整EBITDA則按季跌7%。
該行指,目前未見任何驅動重大調整預期的因素,維持予“ 增持 ”評級,因其估值十分便宜,相當於明年企業價值對EBITDA倍數約8倍,及預測自由現金流收益率達10%,目標價16.5港元。

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