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《大行報告》富瑞升美高梅中國(02282.HK)評級至「買入」 目標價大幅上調至15.3元
阿思達克 02-15 14:27
富瑞發表研究報告指,美高梅中國(02282.HK)去年第四季經調整EBITDA按季增長16%至21.9億元,高於市場預期的19.64億元,創季度新高。2023年全年及第四季市場份額分別達到15.1%和16.3%,同樣創歷史新高。 富瑞續指,美高梅中國上季盈利及市場份額再創新高,表現超出市場預期,增長趨勢更延續至2024年,至今農曆新年期間的博彩業務量已超越疫情前水平,反映2024年開局相對強於預期,1月份博彩收入達到疫情以來第二高水平,新春期間遊客量亦超出預期。 該行提醒,中國宏觀經濟的擔憂仍是潛在不利因素,不過相信行業基本面將繼續走強,看好美高梅中國市場份額繼續擴大,相應將投資評級由「持有」提升至「買入」,目標價從9.4元升至15.3元。富瑞目前預測今明兩年賭收將按年增長28%及2%,至平均每日6.4億及6.56澳門元,即恢復至2019年的80%和82%。
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