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《大行報告》大摩:銀娛(00027.HK)上季經調整贏率後EBITDA遜預期 維持「與大市同步」評級
阿思達克 11-07 11:51

摩根士丹利發表報告表示,銀河娛樂(00027.HK)今年第三季經調整企業EBITDA錄41.12億元,按季下滑5%(按年則升6%),高於該行原預期40.22億元,及市場中位數預測39.75億元,主要受上季贏率所推動,但無論如何,經調整贏率後基礎的EBITDA為39億元,按季下滑1%及按年跌7%,則低於該行及市場同業預期。

該行指,銀娛上季中場收入錄73億元,按季升1%(按年升11%);另貴賓廳收入64億元,按季跌13%(按年跌26%)。

大摩表示,銀娛目前估值相當於預測2019年企業價值對EBITDA的11.7倍,此符合行業平均水平,該行維持銀娛「與大市同步」投資評級及目標價52元。

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