《大行报告》高盛全线下调濠赌股目标价 但看好澳博、金沙及银娱长线增长
高盛发表研究报告,指在过去数月,多国边境和和旅行重开,亚洲旅游相关股份已因本地旅游开始复苏,不过濠赌股却未有跟随,因赌收主要来自其他地区的赌客。随着新冠疫情的发展仍未明朗,相信旅游限制仍然会持续。
该行指,中国政府致力打击利用地下银行或其他渠道的资本外流,影响贵宾厅赌收的增长,不过相信亚洲赌业会在2022年完全复苏,但步伐会较温和,而依靠本地客的市场将会有更快复苏。高盛指是次的情况与2014至2015年,中国政府反贪不同,是次影响主要来自供应面,即将资金由中国转至离岸户口,令中介人在信贷方面更审慎,同时令中介人开始改变其业务模式。
该行表示,因应中国赌客资金未能外出,但可准许经合法渠道前往澳门,故相信澳门可以重获更多市场份额,看好澳博(00880.HK)、金沙(01928.HK)及银娱(00027.HK)长线增长。而在亚洲市场整体方面,预期2021年赌收会为530亿美元,其中贵宾厅和中场分别较2019年跌29%及13%;而2022年,赌收可至630亿美元,与2019年水平相若。该行料澳门2020年至2022年赌收预测各为95.69亿美元、296.52亿美元及361.34亿美元(对比2019年赌收361.24亿美元)。
高盛表示,重申对澳博「确信买入」名单,下调目标价由12.9元降至11.9元,维持对金沙中国「买入」评级,将目标价由41.4元降至37.6元,维持对银娱「买入」评级,将目标价由74.8元降至67.2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 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.