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《大行報告》大摩降金界(03918.HK)評級至「與大市同步」 目標價下調至7元
阿思達克 07-13 10:59
摩根士丹利發表報告,指金界(03918.HK)賭場重開進度較預期慢,主要由於在新型肺炎疫情後缺乏自中國賭客的需求,因中國政府打擊海外賭博,料以2019年EBITDA計將會流失30%,即料明年EBITDA或僅得2019年的約64%,Naga 3開幕時間亦或會延至2025年後。債務增加亦影響金界的自由現金流,令其投資吸引力減少,雖現時估值吸引,惟投資前景黯淡,評級自「增持」降至「與大市同步」,目標價因應自由現金流預測下降,自11元下調至7元。

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