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《大行報告》瑞信下調銀娛(00027.HK)目標價至52.9元 評級「中性」
阿思達克 08-10 09:57
瑞信發表研究報告表示,估計澳門賭收表現料將積弱至今年9月中,指目前行業有3個不確定性因素,包括復甦時間、幅度,以及增長限制。 該行指,內地目前對抗疫情採取零容忍的態度,持續限制訪客量,而高端中場需求目前亦受邊境政策影響,加上目前客人由賭客轉為休閒旅遊,限制利潤增長,並將投資回報率拉低,令復甦能力受限。 瑞信指,持續看好銀河娛樂(00027.HK)的長遠增長故事,當中包括其產品及第三期項目的擴展計劃。雖然行業見下行壓力,但長遠仍然看好。該行下調對澳門2021至2023年賭收預期各,至分別在2019年水平的33%、62%及72%,該行下調對銀娛目標價,由65.7元降至52.9元,維持「中性」評級。
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