《大行報告》匯豐研究:澳門上周日均賭收改善 偏好金沙中國(01928.HK)、永利澳門(01128.HK)及銀娛(00027.HK)
匯豐研究發表研究報告指出,澳門9月首17日的賭收為81億澳門元,意味著過去一周的日均收入達5.43億澳門元,續升26%。該行認為,天氣條件好轉及周末舉行的煙花匯演,均有助推動賭收改善。此外,貴賓廳贏率介乎3.1%至3.3%,略為高於正常水平,相對於對上一周為3%。假設9月餘下時間日均賭收介乎4.6億至5.1億澳門元,預期9月賭收將介乎141億至147億澳門元,意味按月跌15%至18%,相當於2019年9月水平的64%至67%。
該行提及,澳門旅遊局將即將到來的十一黃金周遊客量預期,由每日8萬至9萬人,上調至每日10萬人,相對於5月黃金周時期為每日9.8萬人。澳門酒店業估計假期客流量將在9月29日中秋節後的首一至兩日達至高峰。該行檢視了9月30日至10月2日期間各個線上旅遊平台上的客房供應,包括澳門金沙、永利皇宮、星際酒店及新濠鋒等多家酒店均已客滿。另外,由於澳門新景點、非博彩活動和旅遊激勵措施,內地旅遊團於澳門的恢復情況較香港更快。
此外,該行認為黃金周潛在強勁的表現,或將提振明年市場情緒,賭股估值不高,當中看好金沙中國(01928.HK)的酒店庫存龐大及專注於中場業務,另看好永利澳門(01128.HK)估值,以及偏好銀河娛樂(00027.HK)穩健的業績,其澳門銀河第三期項目或帶來驚喜。該行對上述三股均予以「買入」評級(詳見另表)。
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