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.
《大行報告》瑞銀普遍降濠賭股目標價 薦銀娛(00027.HK)及美高梅中國(02282.HK)
瑞銀發表研究報告指,澳門博彩股的估值不高,收入增長空間較大,但由於基數效應,增長速度會較慢,維持明年對該行業的正面看法。該行預計,在新酒店和運輸能力及全年活動渠道增加的推動下,明年賭收將繼續增長。考慮營運開支上升和宏觀環境疲弱,該行維持明年中場賭收預測為2019年水平的105%,意味按年升15%,惟將EBITDA復甦率從2019年水平的102%下調至86%,主要是由於上調營運支出估算。該行指,銀娛(00027.HK)及美高梅中國(02282.HK)是其行業首選。 該行認為,宏觀經濟疲弱已經令博彩滲透率較2019年下降。中國增加出境航班運力可能會將一些高端客戶由澳門轉移到其他地區,但機票價格下調或會促使中低消費旅客重返澳門。該行指,由於牌照的投資承諾或會抵銷公司裁員所削減的成本,因此料明年的行業營運開支可能與2019年持平。 瑞銀發表研究報告,對濠賭股投資評級及目標價表列如下: 股份|投資評級|目標價(港元) 銀河娛樂(00027.HK)|買入|60.1元→49.4元 美高梅中國(02282.HK)|買入|13.7元→14.3元 新濠國際發展(00200.HK)|買入|13.6元→7.3元 金沙中國(01928.HK)|買入|33.1元→25.2元 永利澳門(01128.HK)|買入|11.9元→8.7元 澳博控股(00880.HK)|買入|6.3元→3.3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.
uSMART
Wealth Growth Made Easy
Open Account