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花旗:維持永利(1128.HK)“中性”評級 目標價19港元
格隆匯 02-07 15:33
花旗發表報告表示,永利澳門(1128.HK) 公佈旗下兩賭場於內地疫情爆發前(2019年12月下旬至2020年1月初)日均EBITDA收益達400萬美元,表現穩固,而管理層早已優化成本效益,相信短期再節省成本空間有限。該行基於內地新冠狀病毒疫情未有解決的具體時間可以預測,按較保持方式估算,料澳門今年上半年博彩日均收入會放緩至4.5億澳門元,料今年下半年才可復甦。
花旗決定下調對永利澳門今年EBITDA預測21%、調低對其今年純利預測38%,維持對其“ 中性 ”投資評級及目標價19港元,此按分類加總及現金流折現率作估值。據控股股東Wynn Resorts披露,去年第四季澳門經幸運調整業務大致符合預期,料永利澳門上季在澳門市佔率跌40個基點至13.7%。

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