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《大行報告》瑞信下調永利澳門(01128.HK)目標價至16.9元 評級「跑贏大市」
阿思達克 07-17 10:21
瑞信發表研究報告,指隨著廣州放寬14天檢疫限制後,相信將會有更多關於進一步放寬的正面消息傳出,包括個人遊計劃及覆蓋更多省份等,而濠賭股板塊跑輸大市亦都起了支撐作用。

但是,復甦的進程可能會有波動,政策放寬的步伐仍具不確定性,尤其是香港的情況;最近資本外流及內地加大針對海外賭博的活動,令中介系統受到損害。再者,積壓的需求理應穩固,但下注的規模仍有待觀察;重開後的人流或會打擊市場情緒;而重開後出現新確診個案仍是風險。

根據該行最新的行業博彩總收入的假設,將永利澳門(01128.HK)2020至2021財年的EBITDA預測下調24至128%。目標價由原來的18元下調至16.9元。在短期內,相信樂觀情況及消息將有助支持股價表現,維持「跑贏大市」投資評級。

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