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《大行報告》大摩上調金界(03918.HK)目標價至8.5元 評級「增持」
大摩發表報告,指與澳門相比,由於東盟國家重新開放,近期金界(03918.HK) EBITDA增長可見度更明顯,重申其「增持」評級,目標價由7.3元上調至8.5元。 大摩指,馬來西亞將尋求內閣批准開放免檢疫旅遊,估計馬來西亞客人佔金界2019年EBITDA約30%,假設馬來西亞從今年第二季開始開放有配額旅行,並估計新加坡將最終在今年上半年末取消其免檢疫旅行配額,預計金EBITDA將在2022年、2023年和2024年分別達到2019年水平的45%、74%和93%,而2020年下半年只有2019年水平的51%。 大摩表示,太陽城集團(01383.HK)於去年3月21日停止了於金界的營運,市場普遍下調了對其2021年上半年盈利預測,中國的中場業務客人可能會在疫情後重返,同時有空間下調金界第三期工程的規模。
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