瑞信升濠賭股目標價 升金沙、銀娛、永利、美高梅及澳博評級至「跑贏大市」
瑞信發表報告,指澳門賭業業目前估值約為2021年EBTIDA的10倍,目前相信內地「自由行」有望可於5月恢復,潛在可推動成為行業催化劑,而且可以從其他區內賭場上搶佔市佔率,該行建議短期可收集濠賭股,該行首選新濠國際(00200.HK)或新濠博亞、其次是金沙中國(01928.HK)、之後是銀娛(00027.HK)、其後是永利澳門(01128.HK)。
該行指,中介人目前估算貴賓廳的復甦會較快,因潛在需求上升,預期當限制解除後,可回復至去年第三季的水平,料澳門博彩中場亦可回復至去年底水平。
瑞信稱,在更多賭收可見性的情況下,降今年賭收預期(1,744.2億澳門元)至跌40%,但升明年賭預期至3,046.72億澳門元(按年升75%)。
該行上調對金沙中國評級,由「中性」升至「跑贏大市」,目標價由38.5元升至43.3元;升永利澳門評級,由「中性」升至「跑贏大市」,目標價由16.4元升至18元;調高對銀娛評級,由「中性」升至「跑贏大市」,目標價由52.4元升至66.3元。
瑞信表示,上調對澳博(00880.HK)評級,由「中性」升至「跑贏大市」,目標價由8.2元升至9.5元。調高對美高梅中國(02282.HK)評級,由「中性」升至「跑贏大市」,目標價由11.2元升至12.9元。
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