星展:首予銀娛(0027.HK)“買入”評級 目標價62.48港元
星展發表研究報告,首予銀娛(00027.HK)“買入”評級,目標價62.48港元。該行指,隨着宏觀經濟表現放緩,加上近期香港示威活動影響訪客人數,亦間接影響經香港到訪澳門的人數,故相信今年的表現平淡,但中期維持正面,因中國居民收入增加,及對消閒的要求提升,而銀娛正在不斷擴張其綜合渡假村,包括引入新會議展覽設施及增加酒店房間,有助提升營運能力及表現。
該行指,公司着重中場表現,而澳門的賭場亦開始針對包括高端中場在內的中場客,以改善盈利能力和減低貴賓廳客户放慢的影響,而銀娛未來會增加會議展覽及旅遊等項目,有助其與其他賭場競爭。
該行又指,旅客量減少,中美貿易問題,加上綜合渡假村翻新開支,都會拖累短期盈利增長勢頭,儘管如此,中期而言,集團整體改善計劃應可吸引更多遊客,同時轉移針對中場的策略都有助改善收入組合、利潤和業務的持續性。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.