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《大行報告》大摩調整澳門賭業股目標價 升美高梅中國(02282.HK)評級至「增持」
摩根士丹利發表研究報告指,澳門博彩股在強勁表現後稍作喘息,預計2月的博彩總收入(GGR)按年增長40%至50%。然而,在未來12個月內,該行料盈利和估值倍數將被上調。該行將2023及24年的行業EBITDA預測分別上調70%和6%,並看好美高梅(02282.HK)多於澳博(00880.HK)。 該行提到,行業的關鍵因素是中場的市場份額變化,認為市場低估了美高梅獲得及維持市場份額的能力,將其評級由「減持」上調到「增持」,惟將澳博評級由「與大市同步」下調到「減持」。儘管在短期內銀娛(00027.HK)可能會得到提振,該行仍然更看好金沙中國(01928.HK),另外,新濠博亞(MLCO.US)旗下的新濠影匯二期將可為集團提供上行空間。除了澳博之外,該行上調其所涵蓋的博彩股目標價,預計澳博的上葡京(GLP)賭場增長緩慢。 該行對濠賭股評級和目標價調整: 股份│投資評級│目標價 銀河娛樂(00027.HK)│與大市同步│52.5 -> 58港元 金沙中國(01928.HK)│增持│27.5 -> 32港元 新濠博亞(MLCO.US)│增持│13.5 -> 16美元 永利澳門(01128.HK)│增持 -> 與大市同步│8 -> 8.5港元 澳博控股(00880.HK)│與大市同步 -> 減持│4.5 -> 4港元 美高梅中國(02282.HK)│減持 -> 增持│6 -> 13港元
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