大行評級|美銀:上調今明兩年澳門賭收預測 普遍上調博彩股目標價
美銀證券發表報吿指出,澳門10月黃金週賭收強勁,表明即使內地消費普遍疲弱,澳門博彩業仍具韌性,但行業面對新任行政長官的監管環境不確定因素。該行將今年澳門賭收預測上調2%至2,270億澳門元,按年升24%,為2019年水平的78%;將明年賭收預測升7%至2,300億澳門元,按年增長2%;對行業2024年的EBITDA預測上調2%,2025年上調10%。另外,該行預期第三季澳門賭收按年增長13%,但按季跌1%,符合季節性因素影響;行業EBITDA料按季跌6%,當中估計澳博的EBITDA增長領先,按季增幅約20%,其餘大部分營運商的EBITDA可能按季下跌,美高梅中國或跌19%,銀河娛樂或跌10%,金沙中國可能跌3%。美銀將美高梅中國的目標價從16港元下調至15港元,銀河娛樂的目標價從42港元上調至46港元,金沙中國的目標價從17.7港元上調至24港元,評級均為“買入”;永利澳門的目標價從6.2港元上調至7港元,評級為“中性”;澳博的目標價從2.2港元上調至3港元,評級為“跑輸大市”。
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