《大行報告》匯豐研究降銀娛(00027.HK)目標價至51元 再投資推動更強勁增長
匯豐研究發表報告指,銀娛(00027.HK)第四季業績符合預期,集團在中場市場份額按季下降,但入住率和包括零售消費在內的非博彩業務表現保持穩定。該行指,集團於春節表現理想,隨著市場需求持續復甦,預計管理層將採取更積極的措施來捍衛市場份額,包括加大再投資力度。
匯豐研究繼續預計銀娛今年的市場份額將按年上升,但基於更保守的利潤率假設,將2024和2025年EBITDA預測各下調4%。考慮到新預測和更高的今年資本支出預算指引,目標價由52.5元下調至51元,認為目前價值被低估,維持「買入」評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.