《大行报告》花旗升六大濠赌股目标价介乎6%至35% 首选金沙、澳博及银娱
花旗发表研究报告,维持对濠赌股正面看法,升六大濠赌股目标价介乎6%至35%,指去年所见到最令人鼓舞趋势,在於自旅客签证局部恢复後,高端中场引领赌收复苏。该行料中场(特别是高端中场)维持属今年增长引擎。随着内地与澳门之间旅客出行正常化,受惠新酒店供应及基建改善,旅客可有更多时间参与博彩。
报告称,赌收组合改善及经营开支节省,助力赌股税息折旧及摊销前盈利(EBITDA)复苏,今年料达41亿美元,相当於2019年水平的43%,明年料达104亿美元,较2019年水平高出约7%。首选金沙中国(01928.HK)、澳博(00880.HK)及银娱(00027.HK)。该行料新产品将支持上述赌企未来12至24个月扩大市占,将转化为高於市场同业的EBITDA增长。
花旗料今年澳门赌收1,560亿澳门元(或195亿美元),相当於2019年水平的约53%。六大赌企投资评级及目标价见另表。
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