《大行》大摩上調澳門今年賭收增長預測至10% 濠賭股值得獲重估 上調目標價
濠賭股今日(5日)上漲,澳博(00880.HK)、新濠國際(00200.HK)、美高梅中國(02282.HK)及銀娛(00027.HK)半日股價抽高3.1%至4.5%,金沙中國(01928.HK)升1.4%。
摩根士丹利發表報告表示,澳門博彩收入連續兩個月超預期表現(按年增長19%),促使該行將今年博彩收入按年增長預測由5%上調至10%,EBITDA增長預測由2%上調至6%,這帶來顯著的正向經營槓桿、競爭減少和盈利預估的提升。儘管近期表現優異,但如果增長得以維持,該行認為該行業估值仍偏低。
該行料澳門2025年、2026年及2027年博彩收入預測各為2,489.63億、2,639億及2,797億澳門元,按年各升9.8%、6%及6%。
大摩上調了覆蓋範圍內所有六家公司的目標價,並繼續看好新濠博亞(MCLO.US)、美高梅中國(02282.HK)和金沙中國(01928.HK),均予「增持」評級,新的目標價上行空間為10%至25%,該行升美高梅中國目標價由14.5元升至18元,上調金沙中國目標價由17.5元升至21元,調高銀河娛樂(00027.HK)目標價由35元升至40元,維持「與大市同步」評級。
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