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《大行報告》瑞信:濠賭場停運半月 料勢降預測 指現見底屬言之過早
阿思達克 02-04 15:09

就澳門中午公布因內地疫情決定暫停當地賭場營運半個月,因當地第9名確疹病人可能已發生人傳人,瑞信發表報示,停運賭場決定將會拖累濠賭股較長時期的股價表現,證券同業亦將下調行業預測,將構成短期利淡因素。

該行指,隨著澳門實施旅遊限制、對疫情關注、停批個人遊等,勢將令澳門博彩收入短期維持弱勢。該行認為,濠賭股目前難言已經觸底,行業現估值相當預測今年企業價值對EBITDA的12倍,對比歷史平均12.5倍,參照行業以往艱難時刻,行業估值已跌至企業價值對EBITDA約9倍至10倍。

瑞信認為,基於行業盈利的不確定性,透明度有限,相信行業需回落至企業價值對EBITDA的10倍至11倍水平,才算吸引。

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