研報掘金|華泰證券:上調金沙中國目標價至24.7港元 重申“買入”評級
華泰證券發表報吿,重申金沙中國“買入”評級,目標價從19.5港元上調至24.7港元,對應2025年EV/EBITDA 12倍,相當於拉斯維加斯博彩板塊與美股高端酒店行業的二者估值均值水平。該行指,本次上調目標價主要原因是金沙改造竣工在即,此前因翻新被分流的客户將陸續迴歸。旗下喜來登酒店將改為萬豪高端酒店,與另兩個倫敦人酒店產生協同效應,當中娛樂場也重新開業。另金光綜藝館將於12月完成翻修,12月14日迎來首秀。另外,該行認為公司或提前重啟派息,若保持此前約5%派息率,以當前價格計算25年派息或達1元。此前股價表現差資金低配,未來或需進行補配。
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