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《大行報告》麥格理升美高梅中國(02282.HK)目標價至15.2元 永利澳門(01128.HK)下調至9.5元
麥格理發表研究報告指,根據第三方數據,過去一周澳門的每日平均賭收為6.21億澳門元,按周持平。該行假設本月餘下日子的每日賭收將介乎6億至6.5億澳門元的水平,即本月賭收將達191億至195億澳門元,約為2019年水平的74至75%。該行指,濠賭股首選分別為銀娛(00027.HK)及金沙中國(01928.HK),均予「跑贏大市」評級。 該行提到,美高梅中國(02282.HK)早前自願取消融通協議項下全部7.5億美元的未動用承諾金額,顯示管理層對現金產生能力有信心。公司去年收入按年增369%,經營現金流轉正至83億港元。美高梅中國又派發末期息及特別股息,每股合計派34.7仙,股息率約3%。業績公布後,該行上調公司2024年純利預測,調升其目標價9%至15.2港元,評級「跑贏大市」。 該行指,永利澳門(01128.HK)去年收入按年增加3.3倍,回復到2019年水平的67%,並宣派股息每股7.5仙。該行表示,去年集團的營運現金流轉正至68億港元,超過2019年的水平,而淨負債較去年同期下降10%至370億港元。由於經調整EBITDA利潤率預測被下調,該行下調集團2024年純利預測,但部分被較預期高的現金利率所抵銷。該行下調其目標價7%至9.5元,評級「跑贏大市」。
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