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《大行報告》瑞信:澳門6月賭收符預期 首選金沙中國(01928.HK)
瑞信發表報告指,澳門6月賭收按年增長514%,達到152億澳門元,基本符合市場預期的156億澳門元。澳門6月日均賭收按月增長1%至5.07億澳門元,達到疫情前水平的64%。 該行指,雖然目前為止澳門博彩業收入持續改善並強過預期,但由於投資者對內地宏觀經濟和消費疲軟的擔憂,令濠賭股股價表現平平。該行認為,市場可能低估行業堅實的基本面,包括政府取態更為支持;每個博彩玩家價值逐漸提高;目前為止成功的非博彩活動;以及貴賓廳的早期復甦跡象。未來的催化因素包括第二季業績前的盈利提升、暑假、以及內地消費潛在政策刺激。 瑞信行業首選為金沙中國(01928.HK),因為隨著酒店產能的提高,旅遊團及非博彩活動產能增加,提供最可觀的收益空間。同時偏好美高梅中國(02282.HK),因為盈利恢復得最快,估值不高。短期而言,新濠博亞(MLCO.US)應該會在第二季提供最積極的盈利驚喜。
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