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《大行報告》匯豐研究下調永利澳門(01128.HK)目標價至9.6元 評級「買入」
阿思達克 05-11 09:59
匯豐研究發表報告指,永利澳門(01128.HK)首季業績遜於預期,主要是中場及貴賓廳業務贏率較低;在正常VIP贏率的基礎上,房地產EBITDA仍較該行預期低出9%,主因利潤率走低。該行指,半島物業翻新亦抑制其復甦,惟其影響或於次季起開始消失。 該行指,五一黃金週數據令人鼓勵,其中場收入較2019年同期水平高出10%,而直接貴賓廳收入則增長逾倍,租戶零售額亦較2019年同期水平高出36%。該行將公司今年至2025年各年EBITDA預測分別下調9%、2%及1%。 該行將其目標價由10元下調至9.6元,維持其評級為「買入」。
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