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《大行報告》瑞銀:永利澳門(01128.HK)上季業績勝預期 評級「買入」
阿思達克 11-10 10:50
瑞銀發表研究報告指,永利澳門(01128.HK)第三季度澳門物業EBITDA虧損為6,600萬美元,其中包括700萬美元的壞賬信貸。經調整EBITDA損失為7,300萬美元,勝於該行及市場預期的9,700萬美元虧損,這是由於優於預期的中場博彩總收入和低於預期的營運開支。該行予集團目標價7.3港元,評級為「買入」。 該行表示,由於澳門在6月中旬至8月初的新冠疫情及相關的澳門與內地邊境政策收緊,永利澳門的總博彩收入按季跌3%。在營運支出方面,日均賭桌收入為160萬美元,低於第二季的190萬美元。不過,10月假期期間的直接貴賓交易量略高於疫情前水平,而租戶零售額達到疫情前水平的74%。 該行引述永利澳門表示,澳門政府正在審查其博彩牌照的提案,預計將於今年底做出決定。截至2022年9月,集團的淨負債為52億美元,高於2022年6月的49億美元,反映其出持續的現金消耗。該行預計,集團有足夠的流動性在零收入環境下維持營運約10個月。
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