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《大行》匯豐研究微升美高梅中國(02282.HK)目標價至16.7元 評級「買入」
阿思達克 08-01 10:42
匯豐研究發表研究報告指,美高梅中國(02282.HK)次季物業EBITDA達3.22億美元,分別按季升6%及按年升3%,超出預期。整體淨收入大致上符合預期,EBITDA利潤率達29%,分別按季跌0.6個百分點及按年跌1.7個百分點。 該行指,美高梅中國半島項目澳門美高梅試營運一個「超高端」博彩空間Alpha Club,並完成28套雍貴別墅(Alpha)的建設,加上美獅美高梅已開始將標準客房改建為63間新套房,預計於明年第一季完工。該行預料,這將有助集團維持市場份額於約15%的水平。再者,集團成本控制嚴格及高效營運,將會繼續有助其利潤率維持於約20%的高位水平。 該行將美高梅中國今年EBITDA預測上調1%,目標價由16.5元上調至16.7元,維持「買入」評級,認為估值吸引。
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