里昂下调澳博(00880.HK)目标价至9.98元评级「跑赢大市」
里昂发表报告指,澳博控股(00880.HK)受惠於低端中场业务理想而带动第二季度业绩表现,次季经调整EBITDA按年升3%至10.03亿元,高於市场预期。
报告补充,澳博上季贵宾博彩业务疲弱,收入按年大幅下跌31%,相对於中场收益则升8%。低端中场尤其强劲,旅客量因港珠澳大桥开通而增加。
至於旗下综合度假村「上葡京」延期,该行估计将於2021年第一季才开幕,较早前预测的2020年第3季有所推迟。该行上调澳博2019年EBITDA预测4%,惟因「上葡京」的延期而下调其2020年预测6%,目标价由11.05元降至9.98元,维持「跑赢大市」评级。
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