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汇丰研究澳门7月赌收总收入料将录得2%至5%增长
格隆汇 07-17 13:15

汇丰研究发表报告,指内地政府对跨法域管辖区在线游戏平台的紧缩政策,尚未对澳门赌场贵宾厅业务产生影响。7月首十四日的博彩总收入为115亿澳门元(下同),意味上周日均赌收约7.93亿元。按市场分类,估计中场日均赌收按月增加5%至6%,而贵宾厅则按月下跌4%至5%。从高级酒店的夏季预订情况可见,中场的增长仍然强劲;除了中介人之间的一些市场份额转移外,目前整体贵宾厅的需求影响有限。

在营运商方面,该行相信永利澳门(01128,HK)、新濠国际发展(00200.HK)及美高梅中国(02282.HK)似乎已获得市场份额。假设在今个月的剩余日子的平均每日赌收介乎8.3亿至8.8亿元,整个月的赌收料录得介乎256亿元至265亿元,意即7月的博彩总收入料将录得2%至5%增长。

该行又指,虽然宏观环境的不确定性或会持续,但尤其是高端中场方面的基本需求改善,将会为濠赌股的估值带来支持。该行仍首选永利澳门,虽然今年因翻新而对其预期较低,但认为其具防守性的市占率表现将有助投资者在未来对其重建信心。另外,其2019财年股息收益率约6%看来吸引,2019第二季的业绩或成短期催化剂。

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