《大行报告》花旗将金界(03918.HK)目标价升至9.5元维持「沽售」评级
花旗发表研究报告,提到金界控股(03918.HK)上半年收入录8.92亿美元,按年增长22%,EBITDA按年升41%至3.28亿美元,认为业绩表现较该行预期强劲,主要是由於更利好的贵宾厅及中场业务比重。中期息3.39美仙,维持60%派息比率。
该行又指,太阳城集团(01383.HK)目前是金界的最大中介,认为若太阳城将贵宾厅的人流转移到其拥有股权的赌场,金界的贵宾厅增长可能会减速,加上或会看到金界今年下半年的代理投注活动有潜在减少,因此该行将金界2019财年的贵宾厅人流增长预期由原来的40%下调至35%,并相信此修订後的预测仍有下行风险。
花旗将金界2019至2021财年的盈利预测提高4至9%,以反映中场业务表现强劲,并将其目标价由原来的9元上调至9.5元,维持「沽售」投资评级。
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