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《大行報告》花旗升濠賭股目標價 首選金沙中國及銀娛 降澳博評級至「中性」
花旗發表研究報告指,展望明年,預計澳門新的酒店供應和基礎設施改善將推動當地中場博彩總收入(GGR)增長,令行業EBITDA恢復至疫情前水平的約36%,EBITDA復甦將帶動2024年的行業債務與EBITDA比率下降至約4.3倍。在博彩股中,該行首選金沙中國(01928.HK)和銀娛(00027.HK);澳博(00880.HK)評級則下調至「中性」。 該行料澳門2023財年的GGR按年增長172%至1,150億澳門元,比原本預測低19%,較政府預期低約12%,相信是保守的預測。2024財年GGR預測維持在1,880億澳門元,預計中場收入將在2024年完全恢復到疫情之前的水平。該利料美高梅中國(02282.HK)將其母公司美高梅渡假村在拉斯維加斯取得成功的非博彩活動帶到澳門後,從長遠來看將獲得市場份額。該行又建議減持澳博。認爲在最近上葡京高級管理人員離職後,開始憂慮其增長速度或會受到影響。 股份 | 投資評級 | 目標價(港元) 銀河娛樂(00027.HK) | 買入 | 58.5元 → 67.50元 新濠國際發展(00200.HK) | 買入 | 8.40元 → 11.00元 美高梅中國(02282.HK) | 買入 | 6.30元 → 9.65元 金沙中國(01928.HK) | 買入 | 26.00元 → 32.00元 澳博控股(00880.HK) | 買入→中性 | 3.65元 → 4.45元 永利澳門(01128.HK) | 買入 | 7.20元 → 9.80元
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