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大行評級|麥格理:估計美高梅中國、永利澳門及澳博市場份額按季提升

麥格理髮表報吿指出,預期首季濠賭股盈利將受市場份額所影響,估計美高梅中國、永利澳門及澳博的市場份額按季有所提升。當中,美高梅中國受惠於1月份強勁的營銷活動令市佔率高達20%,但由於贏率較低,令2及3月份的市佔率回落至介乎13%至17%水平。該行料美高梅中國首季市場份額為17%,相對於去年第四季的16%微升,經調整EBITDA按年料增長65%,按季料升6%。

該行認為,澳博隨着新項目的啟動,令公司3月份勢頭強勁,並預期上葡京已達至扭虧為盈的重要階段,推動澳博盈利強勁增長,料首季經調整EBITDA利潤率按年增長12個百分點,按季料增長2個百分點。此外,該行首選仍為銀娛及金沙中國,看好他們在今年及以後進行翻新,以及擁有強大的房地產儲備,酒店客房庫存充足。

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