瑞信:下調永利澳門(1128.HK)目標價至16.9港元 評級“跑贏大市”
瑞信發表研究報告表示,公共衞生事件的復甦進程可能會有波動,國家政策開放的步伐仍具不確定性,尤其是香港地區情況並不明朗;由於近期資本外流及內地加大針對海外賭博的清查力度,令博彩中介系統受到負面影響。另外目前博彩業積壓的需求穩固,但市場復甦的情況仍有待觀察;隨着目前廣州放寬14天人員往來隔離限制後,相信國家將會有更多的正面消息放出,包括個人旅遊計劃等;而博彩股板塊跑輸大市的表現指出未來博彩股的下行風險有限。
根據行業數據,瑞信將永利澳門(1128.HK)2020至2021財年的EBITDA預測下調24至128%。目標價由原來的18港元下調至16.9港元。在短期內,瑞信認為樂觀的消費情緒及正面消息的發佈都將支持該公司股價表現,目前瑞信維持公司“跑贏大市”投資評級。

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