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《大行报告》中金普遍下调濠赌股目标价 料营运商末季或可录EBITDA盈亏平衡
阿思达克 10-21 14:41
中金发表研究报告指,澳门濠赌股受贵宾博彩负面消息及十一黄金周旅客数量低於预期等因素影响,9月20日至今股价回调约20%,预期现时市场对贵宾厅的悲剧预期已充分反映出来,对中场表现保持长期乐观,建议趁低吸纳中场博彩比例高的运营商。

该行指,访澳旅游限制及赌场运营限制将逐渐放松,加上目前澳门为内地旅客唯一可到访的境外旅游地,相信未来几季中场业务将持续复苏,对贵宾厅表现则保持审慎看法。

中金预测澳门第四季赌收将按年跌60%至70%,但考虑到较高利润率的中场贡献提升及疫情期间永久性节费措施提振盈利,估计营运商第四季或可录EBITDA盈亏平衡,首选银娱(00027.HK)、金沙中国(01928.HK),其次为美高梅中国(02282.HK)、新濠(00200.HK)、澳博控股(00880.HK),以及永利澳门(01128.HK),并重申对银娱及金沙「跑赢行业」评级。

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