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》瑞信下調金界控股(03918.HK)目標價至6.7元 評級「跑贏大市」
阿思達克 08-30 09:40
瑞信發表報告指,柬埔寨疫情爆發令賭場自3月份起關閉,雖然疫情不穩仍然是不確定性,但當地政府有信心透過疫苗接種計劃可在今年第四季重啟旅遊業。該行指金界(03918.HK)將於8月31日公布上半年業績,該行料其EBITDA將錄1,300萬美元,公司於6月份發行票據後應可支撐14個月、每月1,500萬美元開支。 該行保守估計賭場將在明年首季重開,惟復甦速度將較去年下半年慢,料2021及2022年賭收將達2019年疫情前的各8%及43%水平,而2023年賭收預測則達2019年疫情前87%水平,該行將金界控股2021及22年EBITDA估算削各106%及61%。該行料金界2021年每股經調整虧損0.05美元,料2022年錄每股經調整盈利0.03美元。 考慮到復甦不確定性、新的賭收估算及估值下降,瑞信將金界控股目標價由12元降至6.7元,維持「跑贏大市」評級,認為即使未見全面復甦,任何具支持的重啟政策均屬中期催化劑。
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