You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
美銀證券:升澳博(0880.HK)目標價至10.7港元 上葡京長遠價值未反映
格隆匯 01-06 11:03

美銀證券發表研究報告,指澳博(00880.HK)股價於去年升21.5%,跑贏同業4%,主因EBITDA實現增長,及市場開始計入其新賭場「上葡京」的增長潛力,相信項目長遠價值未完全反映,並預期上葡京下半年開業時可繼續跑贏同業,料上葡京確定開幕日期是重要的催化劑。

該行指,上葡京的建設已完成,並已通過火警測試,正等待入夥紙及其他不同部門的批文,相信進展仍然需時,但一旦獲得入夥紙,項目延期的可能性不大,目前估算若進展順利,相信最早可於第三季開業。基建改善亦有助其客源的增長,預期上葡京有助公司2020-22年EBITDA及收入的年複合增長率達到分別25%及15%。

假設2021年投資回報率為6%,該行相信目前估值合理,目標價由10.2港元升5%至10.7港元,重申評級“買入”。

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.
uSMART
Wealth Growth Made Easy
Open Account