《大行報告》花旗將金界(03918.HK)目標價升至9.5元維持「沽售」評級
花旗發表研究報告,提到金界控股(03918.HK)上半年收入錄8.92億美元,按年增長22%,EBITDA按年升41%至3.28億美元,認為業績表現較該行預期強勁,主要是由於更利好的貴賓廳及中場業務比重。中期息3.39美仙,維持60%派息比率。
該行又指,太陽城集團(01383.HK)目前是金界的最大中介,認為若太陽城將貴賓廳的人流轉移到其擁有股權的賭場,金界的貴賓廳增長可能會減速,加上或會看到金界今年下半年的代理投注活動有潛在減少,因此該行將金界2019財年的貴賓廳人流增長預期由原來的40%下調至35%,並相信此修訂後的預測仍有下行風險。
花旗將金界2019至2021財年的盈利預測提高4至9%,以反映中場業務表現強勁,並將其目標價由原來的9元上調至9.5元,維持「沽售」投資評級。
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