《大行報告》匯豐研究調整澳門賭業股目標價 偏好金沙中國(01928.HK)
匯豐研究發表報告指,今年第二季賭收按季增長30%至450億澳門元,超過該行所預期的390億澳門元,而第三季亦可能會受惠於強勁的暑假需求。內地6月訪客量已達到2019年水平的約69%,而5月則約為61%。該行認為,新酒店開業和豐富的活動陣容將繼續吸引更多遊客訪澳。不過,與今年首季相比,次季每位賭客的平均支出略有下降,而該行預計這個趨勢將會持續。
該行上調澳門2023至2025年賭收預測介乎12%至19%,而下半年的復甦步伐將會放緩,不過,當地迄今為止的需求完全超出預期。該行預計,2023至2025年各年中場需求將分別恢復到2019年水平的86%、105%及115%,考慮到所有收入變化後,將2023至2025年所覆蓋濠賭股EBITDA預測上調介乎2%至14%。
該行調整澳門賭業股目標價(詳見另表),維持金沙中國(01928.HK)為行業首選,維持「買入」評級,目標價由34.5元上調至37.5元,認為其擁有位於路(乙水)的非博彩業務、具有龐大的酒店庫存及專注於中場業務。該行續予永利澳門(01128.HK)「買入」評級,惟目標價由9.6元下調至9.4元。
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