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.
高盛:上調新濠國際(0200.HK)目標價至19.4港元 評級“買入”
格隆匯 06-24 17:36

高盛發表研究報吿指,新濠國際發展(0200.HK)與雅居樂(3383.HK)投得中山一個佔地約50萬平方米的綜合發展項目,當中新濠國際將負責主題公園的開發和營運。高盛上調新濠國際目標價1.04%,由原來的19.2港元升至19.4元,重申“買入”評級。

高盛表示,雖然有關項目不太可能在短期內為集團盈利作出貢獻,因為項目預期於2025年或之後開放。不過,該行看到當中的戰略優勢,包括集團以有限的資本開支,換取到主題公園的所有權,集團只需承擔40億元人民幣土地成本中的1.5億元人民幣;14.5億元人民幣預算支出中的2.5億元人民幣,用於主題公園開發;以及超出預算的任何費用,但集團將獲得主題公園的所有權。

該行指,雙方成立的合營企業將進一步提升新濠國際的品牌,促進非博彩業的發展。如果該項目成功,可以跟其他中國開發商拓展大灣區和內地其他城市的非博彩項目的開發機會。考慮到澳門博彩相關法規尚未開始公眾諮詢,預期賭場牌照的重新招標或推遲至少1至2年。集團今次積極投資大灣區內的非博彩娛樂設施,或有利於其與政府的談判。

此外,該行將新濠國際今年的EBITDA預測下調33%,而2022年至2023年的EBITDA預測則上調0至3%。

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