大行評級|花旗:下調永利澳門目標價至8.3港元 第三季業績略遜預期
花旗發表報吿指出,永利澳門第三季業績略遜預期,其賭收市場份額約12.6%為意料之內,惟非博彩收入(尤其是零售)表現令人失望。期內收入按年增長6%至8.72億美元,經調整物業EBITDA按年改善3%至2.63億美元,意味着較2019年第三季的EBITDA恢復至約87%水平,並略低於該行預期的2.75億美元及市場預期的2.8億美元。
該行引述永利澳門管理層指出,10月份中場賭枱投注額穩健,酒店入住率達99%,而在國慶黃金週期間,中場賭枱投注額按年增長近30%;競爭一直相當激烈,管理層表示不認為情況會惡化;管理層強調永利澳門將專注於最大化EBITDA,而不僅是市場份額。此外,該行維持對永利澳門“買入”評級,但將目標價由8.6港元下調至8.3港元。
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.