You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行》華泰證券重申美高梅中國(02282.HK)「買入」評級 憧憬濠賭股下半年上行趨勢
阿思達克 08-04 10:33
華泰證券發表研究報告指,美高梅中國(02282.HK)次季業績跑贏同業,博彩毛收入按年增長12%至12.6億美元,恢復至2019年同期的154%,對比行業平均復甦水平為83%。其中,期內VIP業務按年增長47%至1.65億美元,中場業務增長9%至10.22億美元,老虎機業務則表現持平。集團市場份額進一步提升至16.6%,為六大博企中最高按季增幅。 期內美高梅中國經調整EBITDA利潤率為29%,較去年同期及上季的30.7%及29.6%有所下滑,華泰證券認為反映市場競爭加劇下市場推廣開支增加,獲客成本上升所致。展望未來,該行預期受惠於珠澳「一簽多行」、香港「跨境支付通」等政策,以及全運會及格蘭披治大賽等盛事,澳門博彩業的復甦有望延續,看好濠賭股下半年上行趨勢受惠於政策利好、財富效應和非博彩協同。華泰證券重申對美高梅中國的「買入」評級,目標價由18元升至19.3元,維持2025至2027年EBITDA預測為88億、90億及93億元。
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.
uSMART
Wealth Growth Made Easy
Open Account