星展:首予澳博(0880.HK)“買入”評級 目標價8.78港元
星展發表的研究報告指,亞太區形勢、中美貿易拖累中經濟增長以及近期香港發生的示威均影響到澳門博彩行業。與其他賭場一樣,預期澳博(00880.HK)短期將面對類似的壓力,但相信上葡京2019年底將落成,並在2020年下半年開業,有助改善收入組合以及來自中場貢獻提升,相關因素可為公司提供緩衝。
該行預期澳博會將上葡京大部分的樓面用於非博彩設施,相信可助吸引更多高端中場客户並改善收入組合,而其成本管控措施預計亦有助提升中期盈利能力及經營效率。該行首予澳博“買入”評級,目標價8.78港元。
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