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大行評級|高盛:下調澳門濠賭股的EBITDA預測 繼續偏好銀河娛樂
格隆匯 01-20 16:32
高盛發表報吿指出,考慮到澳門上季賭收短暫回調及促銷預算更高,該行將2024至2026年濠賭股的EBITDA預測下調8%至上調8%,目標價各下調7%至上調13%。該行認為,儘管促銷預算趨勢的逆轉可能再次引發市場競爭加劇的憂慮,但該行維持對澳門濠賭股的建設性看法,繼續偏好銀河娛樂,相信其於今年中計劃開業的嘉佩樂酒店有望提升公司在高端中場的競爭力。另預期金沙中國短期內由於博彩市場份額低迷而有下行風險,但隨着其2,400個倫敦人豪華酒店套房將於上半年陸續推出,趨勢有望得到改善,該行對金沙評級“買入”。同時,該行對澳博及新濠博亞評級“買入”,但對永利澳門及美高梅中國評級“中性”,考慮到市場預期相對較低,相信永利及美高梅第四季賭收份額改善可能有助近期股價表現,惟可持續性的利好因素存疑。
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