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》大摩料濠賭股除澳博(00880.HK)外上季EBITDA均可錄正數
阿思達克 01-13 14:45
摩根士丹利發表的研究報告指,料去年第四季澳門博彩股EBITDA應高於首季,雖然期內賭收相近,不過受惠收入組合改善加上削減成本措施見效,以及零售銷售及租賃復甦,預期EBITDA將轉正至將2.4億美元。該行指出EBITDA轉正主要是由於經營開支減低及收入組合改善等,去年第三季行業日均經營開支下跌38%左右,估計第四季跌幅類近,加上中場貢獻擴大提振利潤率,料貴賓廳的賭收貢獻佔比將由去年首季的42%降至末季的21%。該行估計,第四季貴賓廳收入按年跌83%,而中場僅跌62%。

大摩估計所有濠賭股除澳博控股(00880.HK)外,去年第四季EBITDA均錄正數,當中銀河娛樂(00027.HK)及及金沙中國(01928.HK)均受惠非博彩EBITDA表現,10月份該兩企旗下渡假村的奢侈品商店銷均錄正增長。

該行永利澳門(01128.HK)10月及11月物業EBITDA介乎1,300萬至1,500萬美元,中場及貴賓廳分別達2019年第四季的47%及30%水平,而新濠的新濠影匯的博彩收入則為5,900萬美元,相信去年10至11月已達到EBITDA收支平衡。

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