美銀證券:濠賭股已反映不利因素 進一步下跌為吸納機會
美銀證券發表報告指,澳門在農曆新年假期的人流明顯受到武漢新型肺炎的影響,根據澳門旅遊局數據,在假期首四日(1月24日至27日),整體訪客量按年下跌69%至19.5萬人次,其中中國旅客下跌75%至11.2萬人次。
該行預期,澳門博彩業是次受新型肺炎的影響將與2003年沙士時相似,部分業務可能會有3至4個月受到明顯影響。美銀證券初步估計,澳門在今年農曆新年假期期間的賭收將減半,未來兩個月的賭收降幅料將擴大,因澳門往來香港及內地多個城市的部分交通暫停。
美銀又稱,行業股份自今年1月20日開始已調整13%,現時估值相當於今年企業價值倍(EV/EBITDA)11.5倍,較長期平均低13%。該行相信,即使在熊市情境,有關影響屬短暫及一次性,認為行業股價已反映不利因素,將在一個月內見底,並在三個月時間完全恢復,未來進一步下跌為吸納機會。
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