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《大行報告》瑞銀降金界控股(03918.HK)評級至「中性」 目標價下調至7.4元
阿思達克 02-13 10:00
瑞銀發表報告指,金界控股(03918.HK)去年第四季總博彩毛利和EBITDA分別回復至疫前24%及36%的水平,均低於該行及市場預期,主要是安全問題持續影響業務,令去年下半年博彩數量減少;該行預料,內地旅客回歸將會推動進一步今年復甦。 該行表示,將金界在2023年至2024年總博彩毛利預測下調22%至37%,相當於疫前37%至50%的水平,並預料今年大眾及VIP博彩毛利可達致疫前的94%及15%的水平,明年則分別達126%及21%;同時,將金界在2023年至2024年EBITDA預測下調18%至36%,並預料EBITDA可達疫前的57%至82%,在2025年則可全面復甦。 瑞銀將金界控股目標價由9.8元下調至7.4元,將投資評級由「買入」降至「中性」。(ca/w) ~
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