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.
一文綜合大行於銀娛(00027.HK)公布業績後最新評級、目標價及觀點
阿思達克 02-26 10:46
銀河娛樂(00027.HK)今日股價跌逾4%報70.9元,公司昨中午公布去年業績,收益128.76億元按年跌75.2%,符本網早前綜合6間券商預期淨收益介乎120.79億至151.86億元。計及7.46億港元非經常性及其他開支,期內盈轉虧蝕39.73億元,勝於本網綜合7間券商預期蝕介乎41.68億至62.64億元,對上財年同期賺130.42億元。

撇除銀娛非經常性及其他開支,全年經調整虧損32億元,按年下跌123%;每股虧損91.6仙。不派息。銀娛去年第四季淨收益為51億港元按年跌61%,按季上升229%,經調整EBITDA為10億港元按年跌75%,按季上升207%‧銀河娛樂主席呂志和表示,隨著疫苗發揮作用,當政府盡快開放澳門旅遊市場,相信下半年可以派息。

【業績優預期 候復蘇進度】

里昂下調對銀娛投資評級,由原來「買入」降至「跑贏大市」,指現估值相當預測2022年企業價值對EBITDA的21.7倍,對比經調整過去七年平均14.6倍,但上調對目標價由73.88元升至81.38元。匯豐環球研究指銀娛上季業績強勁,但相信已反映在股價之上,指估值已合理,維持「持有」投資評級及目標價61.5元。

花旗發表報告表示,銀娛去年第四季淨收入錄51.03億元按年跌61%,經調整EBITDA按年下跌約75%至10.1億元,遠超該行預期的9.16億元及市場普遍預期的9.15億元,相信主要是由於銀河娛樂場及星際娛樂場的中場賭檯收入好過預期。花旗指出,銀娛的資產負債表依然表現強勁,將其目標價由72元上調至88元,評級「買入」,上調對其今明兩年盈利預測各15%及5%。

---------------------------

本網綜合8間券商予銀娛最新投資評級及目標價:

券商|投資評級|目標價(港元)

花旗|買入|72->88元

里昂|買入->跑贏大市|73.88->81.38元

美銀證券|買入|76->79元

摩根大通|增持|77元

瑞信|中性|54->68.6元

摩根士丹利|與大市同步|64元

瑞銀|中性|62.9元

匯豐環球研究|持有|61.5元

券商|觀點

花旗|去年第四季表現強勁,市場份額增長持續增強

里昂|第四季業績略高於預期,成本控制得宜收支平衡

美銀證券|上季經調整EBITDA勝預期 因毛利率佳

摩根大通|去年第四季零售收入恢復強勁,憧憬新項目賭場開幕

瑞信|上季業績勝預期

摩根士丹利|市場份額增長高於預期,惟新賭場博彩收入份額下降

瑞銀|季績優市場預期

匯豐環球研究|第四季度利潤率勝預期,憧憬新賭場開工如期開幕

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.
uSMART
Wealth Growth Made Easy
Open Account