《大行報告》高盛:與六家濠賭營運商會面後均對十一假期樂觀 銀娛及美高梅指九成客房已訂滿
高盛發表報告表示,早前組織投資者到澳門考察,與當地六家博彩企業管理層見面,得悉9月以來博彩毛收入輕微放緩,與以往黃金週前的季節性表現相似,營運商對國慶假期旅遊及博彩需求感到樂觀,特別是今年中秋節連接國慶,假期共8日,較以往多1日。與兩至三星期前比較,酒店預訂量及價格均上升,當中銀娛(00027.HK)及美高梅中國(02282.HK)表示,黃金週客房超過九成已訂滿。
以博彩毛收入計算的市佔率分析,高盛相信銀娛酒店入住率上升、綜合渡假村第三期萊佛士酒店7月試業後,第三季將會重奪部分市佔率。美高梅中國市佔率由第二季的14.7%下跌至8月的14%,不過按月穩定。澳博(00880.HK)上葡京市佔率將由第二季的1.6%升至2%以上,7月至8月保持正EBITDA。
報告指,雖然中國宏觀經濟放緩,但澳門博彩營運商仍然預期,受惠非廣東旅客復甦,博彩毛收入進一步增長,而且目標客戶羣相對低收入旅客而言,對宏觀經濟環境的敏感度較低。該行認爲,大部分營運商受債務契約因素影響,短期仍未能恢復派息。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.