《大行報告》花旗略下調美高梅中國(02282.HK)盈測 維持「買入」評級
花旗發表研究報告指,美高梅(02282.HK)首三季純利跌94%,經調整EBITDAR虧損按季收窄18%,少於該行預期,相信與公司控制成本有關,並抵銷了貴賓廳贏率偏低的影響。
該行指,管理層維持對10月份EBITDA收支平衡預期,特別是高端中場復甦下,賭收在10月下半年走強,有助支持管理層的看法。管理層指個人遊的申請未有太大轉變,而路(乙水)項目南翼工程正在繼續,預期在明年中開業。至9月底,公司流動性有13.92億美元。
基於第三季業績和最新的營運趨勢,該行下調美高梅中國今年至2022年盈測1-4%,維持「買入」評級,目標價11.5元不變。
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