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瑞銀:升金界(3918.HK)目標價至16.3港元 評級“買入”
格隆匯 11-20 15:02

瑞銀髮表報告指,金界(03918.HK)股價年初至今已上升67%,為該行有覆蓋研究的賭業股中今年表現最佳,而且相信該股明年仍有重新評級的空間,主要由於柬埔寨旅客強勁增長,使集團毛利率較高的中場賭收持續增長(過去三年98%),該行將集團明年中場賭收的增長預測,由原來的升6%上調至升27%。

由於賭收預測調整,瑞銀上調金界今明兩年EBITDA預測分別2%及14%,股份目標價由13.2港元升至16.3港元,評級維持“買入”。該行表示,集團目前估值相當於明年企業價值倍數(EV/EBITDA)9.3倍,仍較澳門賭業股平均的11.1倍,低約16%。

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