You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》中金升澳博(00880.HK)目標價至8.8元 料上葡京或今年底部分開業
阿思達克 07-29 14:22
中金發表報告指,澳博控股(00880.HK)公布今年第二季業績,淨收入達8.95億元,按年下降89%,按季下降74%;調整後EBITDA虧損7.84億元,按年下降178%,按季下降292%,持平於市場一致預期的7.47億元虧損,高於中金預期的8.42億元虧損。EBITDA超過預期主要是因為單日營業支出有所改善;市場份額提升至15%(中場業務份額 22%,貴賓業務份額8.6%)。

該行指,管理層於電話會議上表示,單日營業支出壓縮至1,350萬元(前期為1,500萬元);董事會暫停派發中期股息,將根據疫情發展和業務恢復進展恢復;上葡京娛樂場的貴賓中介業務將按照類似於通用中介服務條款的佣金計劃進行運營。

另外,上葡京建設已經完成。總資本支出為39億元,政府有關負責人將在近期進行最終檢查,預計或今年底部分開業。而上葡京能否開業(部分開業或全部開業)取決於顧客需求的實際恢復情況;港澳個人遊恢復情況;以及社交隔離的要求。

中金維持澳博控股今年收入調整後EBITDA預測不變,小幅上調明年收入/調整後EBITDA預測3%/4%,考慮到上葡京將在明年首季中期放量,當前股價對應明年預測企業價值對EBITDA約10倍。該行維持澳博「中性」評級,目標價上調8.6%至8.8元。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account