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《大行報告》大和料大部份濠賭股上季經調整物業EBITDA回復正數 對行業正面
阿思達克 01-26 15:22
大和發表研究報告指,澳門博彩營運商將陸續公布去年第四季及全年業績,預期開始可見到業務復甦,預計第四季度澳門博彩業經調整的物業EBITDA按年跌94%至2.4億美元,恢復正數。估計除澳博控股(00880.HK)外,所有濠賭股經調整物業EBITDA都將回復正數。

該行指,儘管澳門訪客量增長有所放緩,內地旅客12月訪澳人次達60.6萬,11月及12月份平均每日入境的內地旅客分別為19,617及19,577人,反映恢復速度有所放緩,但從途徑上有所改變,更多旅客乘坐飛機到澳門,代表旅客來自更遠的城市,停留時間亦更長,12月澳門高端奢侈品銷售按年錄得增長。大和指出,即使訪澳人次未有增加,但旅客消費質量有所改善,認為高端中場正在帶領復甦。

大和建議投資者關注以高端中場為發展重心的濠賭股,看好金沙中國(01928.HK)的新項目澳門倫敦人及四季名薈,予「買入」評級;並看好銀河娛樂(00027.HK),給予「跑贏大市」評級。

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