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花旗:首季總博彩收入為2020年第3季來表現最差 降金沙中國目標價至26港元

花旗發表報吿指,澳門首季總博彩收入178億澳元,為2020年第3季以來表現最差的季度。六間賭場營運商一直努力改善營運成本,料再削減成本的空間有限,因此投資者不應該對本季澳門博彩業出現EBITDA虧損感到驚訝。

不過,據花旗預測,銀河娛樂(0027.HK)和新濠博亞(MLCO.US)在目前極困難的季度中EBITDA仍處正數水平,兩者共通點為關注高端中場,印證了它們早期在發展高端中場業務方面的努力是正確的戰略,並預計短期內表現將跑贏同行。當中,銀娛可能會以約7000萬美元的EBITDA總額居首,料旗艦賭場澳門銀河首季EBITDA約為8300萬美元。而新濠澳門物業EBITDA約為1400萬美元。

另外,花旗降金沙中國(1928.HK)目標價,由26.5港元下調至26港元;美高梅中國(2282.HK)則由6.2港元上調至6.65港元,對其它澳門博彩股目標價維持不變。

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