一文了解大行於金沙(01928.HK)公布季績後最新評級、目標價及觀點
金沙中國(01928.HK)今日早市股價升2.1%收31.35元，券商指管理層料澳門業務夏天將可復甦看法樂觀，可緩和市場對短期收入壓力的憂慮。公司控股股東LAS VEGAS SANDS CORP.公布截至今年3月底止首季度業績，根據美國公認會計原則，金沙中國淨收益總額按年減少65.1%至8.14億美元，更錄得淨虧損1.66億美元，去年同期錄純利5.57億美元。首季經調整物業EBITDA為6,700萬美元，按年倒退92%
金沙中國主席Sheldon G. Adelson指時無法預計中國內地與澳門之間何時取消旅遊限制，但對於今年5月下旬及6月可能開始取消若干旅遊限制抱有樂觀態度，即使不知道全球大流行將維持多久，惟有信心旅遊觀光業在集團各市場及世界各地的消費最終會復甦，強調現時不是暫停或放慢澳門投資項目的時候。。
【料夏天復甦 緩收入憂慮】
匯豐環球研究表示，金沙中國首季業績勝預期，主要成本較，將其2020財年EBITDA提高4%。若內地對澳門旅客簽證恢復時間較預期早的話，估計公司可盡快恢復派息，認為公司管理層對業務復甦樂觀，重申其「買入」投資評級，目標價由37.8港元上調至38.5元。
美銀證券發表報告表示，金沙中國首季經調整物業EBITDA增長均高於該行預期，主因成本控制較預期好。不過，金沙中國期內市佔率下跌3.08個百分點，至21.1%，主要由於贏率負面影響。該行預期，金沙中國今年下半年至明年EBITDA增長仍高於同業，主要由於有新賭廳落成，重申「買入」評級，相信至明年盈利回復後，將恢復派息，目標價39.2港元。瑞銀則，金沙中國擴展計劃仍然在軌道上，四季大樓及倫敦塔料分別於今年中及年底開幕，倫敦人則由在明年。而公司目標為在收入復甦收恢復派息，維持對其「中性」投資評級，目標價30.9港元。
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本網最新綜合7間券商對其投資評級及目標價：
券商│投資評級│目標價(港元)
里昂│買入│45元
瑞信│跑贏大市│43.3->44元
美銀證券│買入│39.2元
匯豐環球研究│買入│37.8->38.5元
摩根士丹利│與大市同步│33元
傑富瑞│買入│32元
瑞銀│中性│30.9元
券商│最新觀點
里昂│首季經調整物業EBITDA增長略高於預期
瑞信│首季業績符預期，EBITDA增長超預期
美銀證券│料下半年至明年EBITDA增長高於同業，成本控制得宜
匯豐環球研究│首季業績勝預期，料5月反彈復甦
摩根士丹利│首季EBITDA勝預期，賭場錄得收支平衡
傑富瑞│料夏季復甦可抵消近期收入壓力
瑞銀│料夏季收入復甦
(ta/w)
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