《大行報告》美銀證券下調永利澳門(01128.HK)目標價至6.9元 評級「中性」
美銀證券發表研究報告指,永利澳門(01128.HK)第三季經調整物業EBITDA虧損爲6,560萬美元,較該行及市場預測的虧損1.3億美元及虧損9,700萬美元爲佳,主要是受惠於中場收入向好及成本控制措施見效。
該行指,疫情對博企經營有負面影響,但永利管理層認爲需求正在復甦,特別是在直營貴賓廳和零售業務方面,其中直營貴賓廳業務已出現復甦,營業額略高於2019 年同期可比假日期間水平,而零售業務亦恢復到2019年同期的約74%。
永利澳門第三季每日營運支出進一步降至160萬美元,美銀表示市場正趨向正常化發展,由於賭收復蘇時間表推遲,因此將公司明年EBITDA預測下調43%,目標價相應由8元降至6.9元,重申「中性」評級,預期電子簽證的積極影響將在11月下旬開始浮現,推動澳門入境人數及客流量恢復。(gc/s)
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