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《大行报告》汇丰研究升美高梅中国(02282.HK)评级至「持有」 调整赌业股目标价
阿思达克 04-26 10:28
汇丰环球研究发表报告,指农历年後,内地一线城市的居民申请前往澳门的签证数目见增长,今年4月份已回复至2019年约40%水平(当中剔除旅行团数字),5月假期订房数字见增长,认为目前赌收落後访客数字与预期,降2021年入预期14%,而贵宾厅与中场收入回复约45%及65%水平,较早前预期低。

该行表示,降美高梅中国今年EBITDA预期26%,及下调2022年贵宾厅数字,以及中场数字不变,目前认为估值上升空间有限,贵宾厅业务未见起色,而其他仍见挑战,信贷扩张限制,令中场受惠,因目前正鼓励贵宾厅转往高端中场,但长远来说,认为缺乏生态环境与市场渠道将未能助吸取高端新客户,令增长受限。

汇丰环球研究指,目前对新场的新增赌台数字可见性较低,在计入2023年数字,及重新调整2021至2022年数字後,行业平均目标价升12%,当中首选金沙中国(01928.HK),将目标价由36.6元升至42.5元,并升美高梅(02282.HK)评级由「减持」升至「持有」,将目标价由10元升至12.8元。该行上调银河娱乐(00027.HK)目标价由61.5元升至68元,维持「持有」评级。

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