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《大行报告》摩通:金沙(01928.HK)首季经调整EBITDA胜市场预期 指五一黄金周来临吁「增持」
阿思达克 04-22 09:56
摩根大通发表报告表示,金沙中国(01928.HK)今年首季经调整赢率後EBITDA录7,500万美元,虽然增幅不大,但仍相当可观,超过了市场原预期6,500万美元,录按季增长7%。

该行指金沙中国在非博彩旺季下放缓及运营支出正常化,但公司管理层对复苏步伐的基调令人鼓舞,并认为结果相当不错,并认为在「五一黄金周」来临,在博彩中场正常化趋势下,重申对金沙中国「增持」评级及目标价42.5元。

摩通认为,金沙中国首季业绩巩固,物业EBITDA升至1亿美元(按季升113%),指首季经调整赢率後EBITDA录7,500万美元仍属稳固,对比市场原预期6,500万美元,较去年第四季的7,000万美元按季升7%,并指公司首季优越中场复苏势头良好,但指大众中场业务的赌收恶化(按季跌20%,仅相当於2019年疫情前的20%水平)。

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