富瑞:維持金沙中國(1928.HK)“買入”評級 目標價49.8港元
富瑞發表研究報告指,金沙中國(1928.HK)第三季經調整EBITDA持平在大約7.55億美元水平,略遜於該行預期。惟該行認為金沙中國的貴賓廳業務佔比低,遂維持“買入”的投資評級,目標價49.8港元不變。
富瑞指,金沙中國的高端中場業務從第二季度復升,但貴賓廳業務疲弱,該業務復升存在不確定性,而金沙城中心翻新工程亦對公司盈利造成影響。
不過,富瑞表示喜歡金沙中國中場及非博彩業務佔比較高,料隨着公司第三季EBITDA利潤率按年改善約0.7個百分點至35.7%,季度利潤率將會持續改善。
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