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《大行》麥格理預期澳門第三季博彩收入保持穩健 首選銀娛(00027.HK)
麥格理發表研究報告指,根據第三方數據提供商,澳門在截至7月13日的一周平均博彩收入日收為6.96億澳門元,按年增長10%,但按周下降3%,原因為貴賓廳贏率下滑及張學友演唱會結束。麥格理認為,上周澳門博彩收入表現顯示,即使沒有矚目活動,行業仍保持穩健。 該行估計,本月剩餘時間若澳門總博彩收入保持在6.5億至7.2億澳門元,6月總賭收將達208至220億澳門元,按年增長12%至18%。麥格理最近將2025年澳門總博彩收入的預估上調5%至2,357億元,代表全年按年增長4%。在強勁的第二季度後,麥格理預期第三季度澳門博彩業務將保持穩健(按年增長4%),受即將舉行的高端酒店開業及精英活動。 麥格理又認為,澳門遊客量可能超出預期,且泰國娛樂綜合體法案正式擱置,博彩及旅遊收入可能流向鄰近國家,如柬埔寨。 澳門博彩股票中,麥格理首選銀河娛樂(00027.HK),因其強大的物業項目儲備和充足的酒店房間存量,並預計旗下奢華酒店品牌嘉佩樂(Capella)將於2025年底全面營運,應推動銀河在高端大眾市場份額的增長。麥格理也預期金沙中國(01928.HK)將受益於夏季大眾客流,以及倫敦人渡假村的全面開業。 以下是麥格理對澳門博彩股票的投資評級及目標價: 股份|評級|目標價 銀河娛樂|跑贏大市|53.6元 金沙中國(01928.HK)|跑贏大市|25.8元 美高梅中國(02282.HK)|跑贏大市|22.2元 永利澳門(01128.HK)|跑贏大市|9.5元 新濠博亞娛樂(MLCO.US)|跑贏大市|12.2美元 澳博控股(00880.HK)|中性|3.3元~ (hc/w)
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