《大行報告》花旗下調澳門今年賭收預測至按年跌45% 濠賭股短期股價調整為買入機會
花旗發表研究報告,指自周三起,港台旅客前往澳門,都需先往指家酒店隔離14天,而內地客回程往廣東省亦需要自費隔離14天,以對應近期中港澳地區的輸入確診個案增加。
該行指,澳門賭場目前主要客源來自香港及原先有簽證的內地客,但新規則生效後,來自香港客的賭收已見持續下降,至於廣東省的限制,已引起大批內地客提早回程,相信目前澳門賭業已進入「冰河期」。
花旗指,再下調今年賭收預期,由跌28%擴大至跌45%。雖然賭場正盡量節省經營開支,但EBITDA需要達收支平衡,每日賭場需達2.7億澳門元,因應賭場正回復正常營運時間,致經營開支提升,EBITDA達收支平衡需至3.4億元,故預期第二季仍然錄虧損,第三季則仍然停滯不前。
不過該行對行業仍然有長遠的信心,看好需求和基建配合,相信在疫情過後,賭收會重新增長,認為短期股價調整是買入機會,特別是金沙中國(01928.HK)、銀河娛樂(00027.HK),是長期的行業首選。
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