《大行報告》大摩:澳門若能落實延長賭牌 料濠賭股可回升20%至30%
摩根士丹利發表報告表示,濠賭股自2019年12月以來按市值計已累挫62%(對比恆指同期累跌35%),相信是市場反映了賭牌續期及新冠疫情影響旅客的兩大因素,從長線投資角度視此為短暫性因素,但無奈此兩項因素已困擾板塊兩年半,投資者正失去耐性。
該行表示,假設澳門特區政府能正常地落實延長賭牌,估計濠賭股可潛在回升20%至30%,料EBITDA於2023年下半年至2024年可錄正常化,但同時料濠賭今年年底的淨負債,會由目前190億美元升至230億美元,對估值水平構成利淡影響。
大摩指,濠賭股目前股價仍低於其2021年9月時約30%至60%水平,假設澳門特區政府能正常地落實延長賭牌,估計濠賭股可潛在回升,但無論如何,行業仍要面對地緣政治風險、香港及內地新冠疫情升溫的影響。
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.