《业绩前瞻》券商料银娱(00027.HK)中期调整EBITDA录负逾11亿元 关注旅游放宽限制
银河娱乐(00027.HK)将於本周四(13日)公布今年中期业绩，受新冠疫情的旅游限制影响，澳门上半年入境旅客按年减少83.9%、赌收按年大跌77.4%至1,495亿澳门元，本网综合6间券商预测，银河娱乐今年上半年经调整EBITDA料介乎负11.47亿至负12.61亿元，按年减少126.5%至129.1%。中位数为负11.85亿元。
就国务院宣布由澳门入境的人士持新型肺炎检测证明，不再需要隔离14日，而澳门政府亦宣布将於明日(12日)恢复珠海个人及团体旅客签证，投资者将聚焦内地未来恢复个人游签证的进度，憧憬下一步将放宽广东省的个人旅客签证。
【料EBITDA亏损 聚焦放宽限制】
摩根大通上月底报告，料银娱今上半年经调整EBITDA预测录负11.94亿元，料今年第二总收入14.48亿元按年跌91%(按季跌77%)、料其第二季经调整EBITDA预测为负14.77亿元(对比去年第二季43.32亿元)，料其第二季贵宾厅赌收仅3.52亿元按年大跌95%(按季跌85%)、估计中场赌收仅2.82亿元按年大跌96%(按季跌85%)。
澳门博彩业在新冠疫情下如何恢复成为焦点。摩根大通指出，澳门博彩业复苏速度及幅度视乎中国内地对澳门放宽旅游限制的时间，基於澳门与中国的旅游计划及健康码分享已与香港分离，中国内地与澳门之间的「旅行泡泡」试验成功，使中国内地更易於对澳门放宽限制。摩通预期恢复旅游签证游客的博彩需求，会在一个月内恢复七成，并在两、三季度度内完全恢复，最终推升年底的博彩毛收入。该行料银娱今年第三季总收入录33.16亿元(按季大升1.29倍)、料第三季经调整EBITDA预测录负9.08亿元、估计至第四季经调整EBITDA预测转录正数为14.56亿元。
就国务院宣布由澳门入境的人士持新型肺炎检测证明，不再需要隔离14日，而澳门政府亦宣布将於明日(12日)恢复珠海个人及团体旅客签证，大和指澳门去年来自珠海的旅客共325万人次，相当於澳门来自内地旅客的11.4%Z，估计内地下一步将放宽广东省全省的个人旅客签证。
-------------------------------------
本网综合6间券商预测，银河娱乐今年上半年经调整EBITDA料介乎负11.47亿至负12.61亿元，按年减少126.5%至129.1%。中位数为负11.85亿元。
券商│今年上半年经调整EBITDA预测(亿元)
大和│-11.47亿元
花旗│-11.75亿元
瑞信│-11.76亿元
摩根大通│-11.94亿元
汇丰环球研究│-12.45亿元
高盛│-12.56亿元
按银娱2019年上半年经调整EBITDA的83亿元计算
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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
