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》匯豐研究:永利澳門(01128.HK)中場業務呈復蘇 但指估值已合理
阿思達克 05-11 14:35
匯豐研究發表報告指,受幸運因素帶動,永利澳門(01128.HK)首季經調整後物業EBITDA達約4,400萬美元,按年增長49%,按季增長11%,超出該行預期。

期內由於永利皇宮轉碼數按季下跌22%,公司整體貴賓廳轉碼數亦下跌13%;中場收入按季下跌7%,表現較同業遜色,亦低於該行預測的按季增長8%,管理層認為今年開局表現相對較弱。回顧剛過去的「五一」假期,永利貴賓廳業務僅恢復至2019年同期的25%至30%,在強勁的高端中場需求帶動下,整體中場表現回復至2019年同期的約76%,酒店出租率達到93%,零售收入亦較2019年增長80%。

管理層有信心經歷相對疲軟的4月份後,5月及6月份將復甦。該行認為,訪澳旅客量增長將帶動中場業務,與同行相比永利澳門從中受惠較少,維持「持有」評級及目標價15.5元不變,指出目前估值屬合理水平。

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