《大行報告》中金下調澳博(00880.HK)目標價至3.1元 上葡京物業EBITDA收支平衡較預期慢
中金發表評級報告指,澳博(00880.HK)第三季淨收入58.68億元,按年升471%,按季升9%,恢復至2019年第三季的71%;經調整EBITDA為5.66億元,按年轉為盈利,恢復至2019年第三季的60%,與市場預期基本一致。中金認為,澳博業績反映上葡京物業和衛星娛樂場仍然錄得EBITDA虧損,但新葡京和其他自行推廣娛樂場的復甦持續符合預期。
中金將澳博今年EBITDA預測下調23%至17.95億元、明年預測下調2%至41.18億元,因為上葡京物業EBITDA盈虧平衡慢於預期。中金將其目標價下調16%至3.1元,維持其評級為「中性」。(ca/cy)
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