大和:料濠賭股ESG評分將上升 有利行業發展 首選銀娛及金沙
大和發研報指,預計澳門中介人改革和即將到來的博彩法修訂將改善披露和由此產生的ESG評分,因此澳門博彩業將成為ESG投資者的主要候選。該行預期,2022年將是ESG驅動演進的更強勁的一年,因此發佈了業內首份關於澳門博彩業的獨立ESG股票研究報吿。
大和預計,市場將認識到澳門博彩業在ESG方面是一個被忽視的行業。自國家2015年提出澳門“多元化”願景以來,MSCI一直在不斷提升該行業的評價,這可能會引起投資者的興趣。展望未來,澳門博彩業將在2022年進行重大的博彩法修訂、中介系統改革和重新頒發牌照,所有這些都提供了重要的ESG影響角度,尤其是在社會和管治方面。
該行預計,所有澳門博彩運營商的2022年ESG報吿都將有動機和實質內容來改善對社會和管治貢獻的披露和討論,因此看到未來幾年與社會和管治相關的重大ESG升級機會。
該行相信,ESG的進步將與澳門博彩業EBITDA增長的核心結構故事同步,尤其是在利潤率改善方面,又認為強大的ESG概況是增加收入機會、節約成本和緩解無形風險的關鍵。該行重申積極的行業評級,首選是銀娛(0027.HK)及金沙(1928.HK)。
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