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大行評級|里昂:下調澳門博彩行業今年EBITDA預測 首選銀河娛樂和金沙中國
格隆匯 04-15 17:00

里昂發表澳門博彩行業報吿表示,澳門今年首季賭收按年升0.6%至567億澳門元,僅為2019年首季水平的75%。儘管今年首兩個月澳門訪客量按年增長10%至670萬人次(相當於2019年同期的97%),但賭收增長卻呈放緩。該行對澳門2025和2026年賭收預測分別下調2.1%和2.3%,料澳門2025年賭收按增長1.8%達到2,308億澳門元,2026年增長10.2%達到2,543億澳門元。該行料澳門博彩行業今年首季EBITDA將按年持平,並下調行業今年EBITDA預測2%至80億美元,相當於2019年水平的83%。

里昂建議投資者在行業估值偏低時,選擇具規模的營運商,首選銀河娛樂和金沙中國。該行對銀河娛樂目標價由46港元降至38.9港元,金沙中國目標價由24.9港元降至18.7港元,維持“跑贏大市”評級。

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