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《大行報告》匯豐升金沙中國(01928.HK)目標價至38.5元 首季業績優於預期
阿思達克 04-23 16:27
匯豐環球研究發表報告指,金沙中國(01928.HK)今年首季業績優於預期,撇除渡輪的物業EBITDA按季下跌91%/按年下跌92%至7,300萬美元,對比該行預測為5,000萬美元。雖然淨EBITDA利潤率下跌27.7個百分點,但成本較預期為低(日均經營開支為367萬美元)。

該行表示,管理層對復甦看法樂觀,並期望澳門自由行計劃最早在5月或6月初恢復,估計廣東或為首個開綠燈的地區,且有更多城市在夏季期間分階段開放。另外,管理層又認為所有板塊,包括中場業務將幾乎在同時間恢復,而社交距離措施不會對業務造成負面影響,因旗下物業容量(特別是路(乙水))可提供更多經營彈性。

匯豐研究上調對金沙中國股份目標價,由37.8元升至38.5元,評級維持「買入」,並調升集團今年EBITDA預測4%。該行認為,若個人遊簽證的重啟及復甦早於預期,集團或可能於今年上半年恢復派息。

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