大行評級|摩根大通:下調澳博目標價至2.4港元 下調今明兩年EBITDA預測
摩根大通發表研究報告指,年初至今,澳博控股經勝率調整的市佔率保持穩定,降槓桿是管理層今年的首要任務,比起恢復派息,管理層更關注降低公司的高槓杆率。另外,截至2024年底,淨債務與EBITDA比率達到6.3倍,是六大營運商中最高的,而且遠高於行業平均的2.5倍。同時,新的輕食餐廳和活動場館等新設施已在上葡京推出。管理層認爲,這將有助於吸引用戶流量並促進收入進一步增長。
摩通在澳博公佈去年第四季業績後,將今明兩年的EBITDA預測下調5%至10%,目標價由2.5港元降至2.4港元,維持“中性”評級。該行指,整體而言,會偏好透過其他濠賭股去捉緊澳門的上行潛力,如銀河娛樂或美高梅中國。
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.