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《大行報告》大摩:若澳門明年取消防疫政策 博彩股2024年預測有明顯提升空間 金沙中國(01928.HK)勝銀娛(00027.HK)
摩根士丹利發表報告指,澳門博彩股年初至今表現已跑贏恆指28%,投資者憂慮只要中國仍然實行「動態清零」政策,有關股份的復甦將參差不齊,而第三季業績表現或會疲弱。 然而,假設疫情政策在明年取消,該行稱其對澳門博彩股於2024年的預測或有明顯提升空間。行業中,大摩偏好金沙中國(01928.HK)多於銀娛(00027.HK),認為金沙相對銀娛的估值折讓會收窄,因行業已回復至正現金流,對金沙評級為「增持」,銀娛則為「與大市同步」。 另一方面,於後期的復甦中,該行喜好較小型的股份,最偏好新濠博亞(MLCO.US),評級「增持」;隨後永利澳門(01128.HK)及美高梅中國(02282.HK)並列,後者評級「與大市同步」;澳博(00880.HK)則敬排末席,評級「減持」。
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