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《大行报告》美银证券:何鸿燊逝世 料澳博(00880.HK)及信德(00242.HK)短期不会有明显转变
阿思达克 05-27 14:55
美银证券发表的研究报告指,澳娱及澳博(00880.HK)创办人何鸿燊昨日离世,澳博及信德(00242.HK)股价分别升7%及22%,该行认为反映市场预期或有潜在转变可释放资产价值,并加强两家公司的企业管治。该行认为何鸿燊离世代表一个时代的终结,但不认为会为澳博及信德带来转变,而何鸿燊在退下火线时,两家公司已有长远的计划,维持「买入」评级。

该行指出2011年时传出何家争产事件,但纠纷随着何鸿燊将主要资产包括澳娱分发予家庭成员告终。而根据最新的数据显示,澳娱股权分别由霍氏家族、二房、三房、郑氏家族、四房及其他人持有26.5%、26.5%、15.8%、9.6%、6.9%及14.7%,而二房与霍氏家族曾於2019年结盟,并决定澳娱董事会主席人选,双方结盟之後相信澳娱及澳博已有长远策略,而联盟未来亦有机会获取澳博更多董事会席位。现时公司有12名董事会成员,公司6月9日将举行股东周年大会,当中四名董事包括何超凤、霍震霆、梁安琪及苏树辉任期届满,相信将会提名重选。而该行相信公司董事会更集中的情况下营运会更具效率,由於未来十二个月上葡京开幕,加上赌牌重续谈判将开展,故料今年不会有戏剧化的转变。

该行亦不认为信德在可见将来会有显着转变,二房的何超琼及何超凤为信德的最大单一股东,持股约四成,而信德或受惠澳博改善,因为公司亦持有澳博8.5%的有效权益,市场预期公司或会有重组举动,但该行认为短期不会有大转变。

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