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《大行報告》匯豐研究下調澳博(00880.HK)目標價至2.9元 評級「持有」
阿思達克 11-01 10:07
匯豐研究發表報告指,澳博(00880.HK)在零收入的環境下,料其現有的94億元流動資金可維持營運約20個月,集團的成本控制仍然是一個關鍵。該行表示,集團調整後EBITDA錄得虧損9.68億元,大致符合其預測。 該行提到,澳博基於與澳門政府的協議,無法提供有關與澳門政府就特許權重新招標程序進行談判的更新或細節,但集團已確認在申請過程中沒有任何合作夥伴。鑑於集團接管了10間衛星賭場的營運,短期內料營運支出會上升,該行下調其今年EBITDA預測。該行維持其「持有」評級,目標價由3元下調至2.9元。 報告又指,澳博仍在與衛星賭場進行談判,部分或會在明年恢復舊有安排。但根據博彩法,如他們決定繼續營運,則只能在澳博許可牌照下合作。另外,澳門上葡京的訪客量和零售收入在10月份均錄雙位數增長。管理層認為,澳門上葡京將受惠於旅行團回歸。
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