里昂美高梅中国(2282.HK)次季经调整EBITDA逊预期
里昂发表研究报告,指美高梅中国(02282.HK)第二季经调整EBITDA按年升约41%至14.58亿元,惟低于该行预期约5%;不过,在低基数效应下,公司贵宾厅和中场市占扩张,贵宾厅收入按年升22%,中场更升36%。次季旗下各娱乐场EBITDA亦见按年增长,惟增幅放缓。里昂予美高梅目标价18.09港元,评级“买入”。

该行指,公司旗下本岛项目「澳门美高梅」中场业务被蚕食情况已见稳定,惟贵宾厅表现仍疲弱,因路(乙水)项目「美狮美高梅」中介人赌厅仍在开业初期。里昂称,美高梅整体中场和高端中场表现健康,贵宾厅则未见复苏。
里昂引述美高梅管理层称,「美狮美高梅」内置超豪华酒店别墅「雍华府」,设27幢超豪华别墅,面积介乎215到570平方米不等,目前已有20幢启用,余下会于9月底或之前启用。另外,美高梅正就路(乙水)项目第二期展开初步讨论,但重大投资料最快2021或2022年才有定案。
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