《大行報告》大摩料永利澳門(01128.HK)今年首季物業EBITDA接近零水平
摩根士丹利發表報告表示,持有永利澳門(01128.HK)72%股權在美國上市的Wynn Resorts初始估計公司今年首季收入介乎9.12億至9.69億美元、首季EBITDA錄5,800萬至6,500萬美元,此符合該行預期,相信收益主要來自拉斯維加斯。該行估計Wynn Resorts旗下澳門業務(永利澳門)今年首季物業EBITDA接近零水平,同時料澳門首季賭收按年跌60%。
該行指,永利指旗下澳門業務在2月關停15天期間每天營運支出250萬美元、利息支出50萬美元,而永利澳門截至3月底止現金等值約18億美元,料其於今年首季止槓杆比率(淨負債/LTM(最近12個月)EBITDA)逾3倍。大摩予永利澳門「增持」評級及目標價為14元。
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