《大行報告》匯豐研究微升永利澳門(01128.HK)目標價至9元 評級「買入」
匯豐研究發表報告,永利澳門(01128.HK)上季業績表現略高於該行預測,主要原因是利潤率表現好過預期。展望未來,公司將繼續嚴控成本,包括再投資計劃。因此,該行對通過經營槓桿持續改善利潤率持更正面的態度。該行將永利澳門2024年的EBITDA預期上調1%,目標價從8.9元上調至9元,維持「買入」評級。
匯豐研究指,目前永利澳門改善槓桿狀況優先於恢復派息。不過,派息仍是永利的核心資本回報策略,但在公司決定恢復派息之前,需要評估槓桿狀況、資產負債表狀況和資本支出計劃。
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