Market Brief

The articles are produced in Chinese only.

Author

趙俊邦先生 (Joseph Chiu)
助理經理

現任職輝立助理經理,投資股票經驗豐富。擅長期權及期貨倉位分析,誠意為客戶提供實戰應用策略或交流心得!
Phone:
22807380

1928 金沙中國 - 體驗無盡精彩

Friday, June 10, 2022 Views5433

2021年度,集團營業額增加70﹒4%至28﹒74億元(美元;下同),股東應佔虧損收窄31﹒2%至10﹒48億元。年內,集團業務概況如下:

(一)娛樂場收益淨額增長70%至19﹒87億元,客房收益淨額上升91﹒7%至2﹒76億元,購物中心收益淨額下降增加75﹒8%至4﹒73億元,餐飲收益淨額增長57﹒6%至9300萬元,會議、渡輪、零售及其他收益淨額則下跌2﹒2%至4500萬元;
(二)澳門威尼斯人:營業額增加70﹒2%至12﹒56億元,佔總營業額43﹒7%,業績轉虧為盈,錄得EBITDA 2﹒97億元;
(三)門倫敦人:營業額上升98%至5﹒88億元,佔總營業額20﹒5%,EBITDA虧損收窄54﹒3%至8400萬元;
(四)澳門巴黎人:營業額增長37﹒8%至3﹒57億元,佔總營業額12﹒4%,EBITDA虧損收窄87%至1700萬元;
(五)澳門百利宮:營業額增加至1﹒1倍至5﹒46億元,佔總營業額19%,EBITDA增加5﹒6倍至2﹒19億元;
(六)澳門金沙:營業額上升1﹒7%至1﹒22億元,EBITDA虧損收窄9﹒2%至6900萬元;
(七)渡輪及其他業務:營業額減少4﹒8%至2000萬元,EBITDA虧損收窄70﹒6%至500萬元;
(八)於2021年12月31日,集團之現金及現金等價物為6﹒78億元,借貸總額為79﹒64億元。


每股基本虧損
12.95美仙

短評:疫情持續減弱內地對澳門長途旅行需求有回升跡象,跨省旅遊團人數較2022年清明節、2022年5月黃金周三天各增長20%及10%,對澳門賭業帶來機遇。

建議買入價$16.08

目標價$22.2

止蝕$15.15

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us