瑞信:下調金界(3918.HK)目標價至15.5港元 維持“跑贏大市”評級
瑞信研報指,金界(03918.HK)2019年業績穩健符合預期,另外宣派特別息亦屬驚喜,認為新型冠狀病毒爆發的影響現時仍未清晰,但內地客減少將影響需求,由於柬埔寨暫時未有旅遊禁令故料影響將較輕微。
該行指出部分澳門的中介人因澳門賭場關閉及封關等影響而改帶內地賭客到海外,令賭客基礎擴大、中介人費用貝競爭力,而本地需求增亦有助緩和影響,認為公司每日經營開支僅50萬美元,有足夠緩衝應付短期衝擊。
該行指出內地賭客需求減弱,但來自東南亞及當地的需求穩健,估計上半年博彩收入將跌27%,但情況在下半年回覆正常,考慮到全年賭收下跌5%的影響,將公司今年每股盈利預測下調25%,但對2021年預測大致不變,目標價由17.2港元降至15.5港元,評級維持“跑贏大市”。

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