一文綜合券商於銀娛(00027.HK)公佈業績後最新評級、目標價及觀點
銀河娛樂(00027.HK)上週四收市後公佈去年業績後,上週五全日股價上揚2.6%後,今早隨大市下跌2%報52.15元。摩根大通表示,銀娛去年第四季業績優於預期及於參與管理層電話會議之後,該行對市場需求復甦的速度、銀娛未來增加市佔率的能力更有信心,目標價由74元升至75元,維持「增持」評級。
銀娛上週四公佈去年業績,營業額114.74億元按年跌41.7%。盈轉虧蝕34.34億元,上年同期賺13.26億元;每股虧損78.7仙。不派末期息,期內,經調整LBITDA虧損爲6億元。單計去年第四季,集團淨收益爲29億元,按年跌39%,按季升43%;經調整LBITDA虧損2億港元,對比2021年第四季爲經調整EBITDA純利10億元,2022年第三季則錄經調整EBITDA虧損6億元。
銀娛主席呂志和表示,集團確認路(乙水)第三期已經基本竣工,正致力發展第四期,計劃於今年第二季有序地推出第三期的銀河國際會議中心、銀河綜藝館及澳門銀河萊佛士,並將於4月舉行首個MICE活動。
【上季業績優 憧市佔擴張】
裏昂發表報告表示,銀娛去年第四季度業績超出預期,預期第三期項目開幕後可推高調整後EBITDA表現,對新項目開幕強勁復甦有信心。該行將今年調整後的EBITDA提高6%,將其目標價從60.2元上調至61.2元,維持「跑贏大市」評級。
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下表列出11間券商對銀娛的投資評級及目標價:
券商│投資評級│目標價(港元)
摩根大通│增持│74元->75元
花旗│買入│70元
美銀證券│買入│66元->67元
高盛│買入│65.9元->65.7元
裏昂│跑贏大市│60.2元->61.2元
中金│跑贏行業│61元
富瑞│買入│54元->60元
摩根士丹利│與大市同步│58元
匯豐環球研究│買入│57元
瑞信│中性│53元
大華繼顯│持有│49.1元->51.1元
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券商│觀點
摩根大通│上季績優預期,料澳門銀河三期於4月開幕後能吸引更多客流量
花旗│爲行業首選,預計長期可成爲提升市場份額的贏家
美銀證券│預計澳門銀河三期開幕可獲更高市場份額佔比
高盛│去年第四季業績符預期,EBITDA年初至今恢復正常
裏昂│對澳門銀河三期開幕強勁復甦有信心
中金│上季業績優預期,路(乙水)第三期次季開通
富瑞│澳門銀河三期4月開幕可帶動客流上升額
摩根士丹利│去年市場份額提升,料今年首季EBITDA增長加快
匯豐環球研究│上季業績符預期
瑞信│上季業績優於預期,持續有效成本控制
大華繼顯│上季EBITDA虧損收窄
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