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大行評級|花旗:維持澳博“沽售”評級及目標價2.05港元 上季業績符合預期
格隆匯 03-05 10:26
花旗發表研究報告指,澳博控股旗下上葡京項目的市場份額至上季持續改善,惟幅度正在放緩。另外,澳博的負債比率有顯著改善,但仍然處於過高水平,因此料難以在短期內恢復派息,加上集團所經營的衛星場仍存在不確定性。該行維持集團的“沽售”評級,續予目標價2.05港元。花旗提到,澳博上季淨收入按年增長19%;經調整EBITDA改善42%至9.93億港元,大致符合該行預測的9.96億港元,並勝於市場預期2%。另外,管理層指引今年首兩個月的賭收按年錄雙位數增長,而2025財年的開支預計介乎15億至20億港元,又對衛星場業務模式改變可能帶來的影響保持樂觀。
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