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《大行报告》大摩:赌场面临停运半月 料赌股业绩受损 6月前盈利透明度有限
阿思达克 02-04 15:56

摩根士丹利发表报告表示,澳门政府公布决定暂停当地赌场营运14天,以防止肺炎在当地蔓延,相信消息对澳门博彩营运商影响明显负面。

该行指,不单止会下调对澳门今年首季赌收预测,基於营运商需要负担固定成本,相信会令营运商业绩受损,估计证券同业将调低濠赌股盈利预测,相信濠赌股至今年6月前月度赌收透明度已变得有限。

但从正面角度而言,澳门赌场停运逾14天,若疫情至夏天能正常化,料不会影响澳门今年下半年赌收。该行指,濠赌股股价虽已回落,但现估值相当预测今年企业价值对EBITDA的10倍,参考以往历史,濠赌股在艰难时刻时其业价值对EBITDA回落至8倍水平。

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