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《大行報告》匯豐研究降金沙(01928.HK)、銀娛(00027.HK)及永利澳門(01128.HK)評級至「持有」
阿思達克 03-13 14:26
匯豐研究發表報告指,在澳門疫情爆發及賭場關閉15天期間,2月份的博彩總收入按年下跌88%至31億澳門元。雖然在賭場首日重新開放後,3月7日的客流量由原來的每日4,900名升至每日11,000名,但每天約有4,000名訪客在澳門被要求進行強制性病毒測試,抑制博彩需求。該行又指,鑑於個人遊計劃及旅遊團暫停,首五位博彩中介因而關閉了3個貴賓室,料在4月底前難以出現有意義的復甦。

假設中國旅遊活動在今年第二季末逐漸復甦,日均收益率有望由第二季的少於2億澳門元上升至5億澳門元,並在第四季達到接近8億澳門元。該行將濠賭股2020財年的收入增長預測下調至跌27%,並將2021財年的博彩收益增長預測調高至升40%。對濠賭股2020至2021年的EBITDA預測分別平均下調32%及13%。

該行將金沙中國(01928.HK)、銀娛(00027.HK)及永利澳門(01128.HK)的投資評級由原來的「買入」調低至「持有」,並繼續喜歡美高梅中國(02282.HK)的估值。

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