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《大行報告》中金普遍下調濠賭股目標價 料營運商末季或可錄EBITDA盈虧平衡
阿思達克 10-21 14:41
中金發表研究報告指,澳門濠賭股受貴賓博彩負面消息及十一黃金周旅客數量低於預期等因素影響,9月20日至今股價回調約20%,預期現時市場對貴賓廳的悲劇預期已充分反映出來,對中場表現保持長期樂觀,建議趁低吸納中場博彩比例高的運營商。

該行指,訪澳旅游限制及賭場運營限制將逐漸放鬆,加上目前澳門為內地旅客唯一可到訪的境外旅遊地,相信未來幾季中場業務將持續復甦,對貴賓廳表現則保持審慎看法。

中金預測澳門第四季賭收將按年跌60%至70%,但考慮到較高利潤率的中場貢獻提升及疫情期間永久性節費措施提振盈利,估計營運商第四季或可錄EBITDA盈虧平衡,首選銀娛(00027.HK)、金沙中國(01928.HK),其次為美高梅中國(02282.HK)、新濠(00200.HK)、澳博控股(00880.HK),以及永利澳門(01128.HK),並重申對銀娛及金沙「跑贏行業」評級。

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