《大行報告》瑞信下調澳門今年賭收預測至按年跌81%
瑞信發表報告,指市場正憧憬澳門賭股復甦和重開,未來會有更持續的中場增長,不過該行相信路途仍然未明,料行業短期風險仍存。
該行指,因應疫情下,澳門博彩行業受面對結構性改變,包括監管收緊、貴賓廳規模縮少、雖然中場復甦,但利潤會減少、自由現金流降低,以及賭牌條款仍然未確定。
瑞信稱,降澳門今年賭收預期,由跌72%降至跌81%,預期第四季賭收跌77%,至2022年仍較去年水平低9%,因貴賓廳規模減少,建議避開一些較高負債、貴賓廳業務偏重、資產配置較少彈性的濠賭股。
該行表示,下調新濠國際(00200.HK)、銀娛(00027.HK)、金沙中國(01928.HK)、美高梅中國(02282.HK)投資評級均至「中性」,並將永利澳門(01128.HK)評級降至「跑輸大市」,而該行維持澳博(00880.HK)「中性」評級,相對地看好新濠和銀娛。
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