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

880 澳博控股 - 傳奇之上‧Beyond Legendary

Tuesday, November 29, 2022 Views3754

880 澳博控股 - 傳奇之上‧Beyond Legendary

集團簡介
集團為澳門政府允許在澳門經營娛樂場博彩的六間承批公司及獲轉批給人之一,為澳門最大的娛樂場經營商,旗艦為新葡京娛樂場,其他自行推廣娛樂場包括葡京娛樂場、回力海立方娛樂場及海島娛樂場,位於路氹的綜合度假村項目「上葡京」正在建設,預期於2019年上半年竣工並儘快開始營運。此外,集團於2020年6月30日經營15間衛星娛樂場(由第三者推廣之娛樂場)。

業績表現
截至2022年9月止九個月,集團營業額下降32﹒4%至51﹒57億元,股東應佔虧損擴大71﹒4%至46﹒52億元。期內,集團業務概況如下:
(一)博彩業務:營業額下跌35﹒7%至47﹒24億元,其中貴賓博彩毛收益減少64﹒8%至4﹒15億元,中場博彩毛收益減少32﹒8%至42﹒91億元,角子機博彩毛收益減少22%至3﹒15億元;
(二)酒店、餐飲、零售及租賃業務:上葡京綜合度假村平均入住率下降9個百分點至30﹒8%,每日平均房價下跌0﹒3%至903元;新葡京酒店平均客房入住率減少14個百分點至45﹒7%,每日平均房價減少12%至621元;回力酒店平均客房入住率增加6﹒4個百分點至67﹒7%,每日平均房價則減少13﹒7%至177元;澳門十六浦索菲特酒店平均客房入住率減少5﹒9個百分點至45﹒7%,每日平均房價下跌7﹒8%至464元;
(三)於2022年9月30日,集團持有現金、銀行結餘、短期銀行存款及已抵押銀行存款總額為45﹒39億元,債項為267﹒85億元。


短評:澳博控股續獲發牌,以及內地防控政策持續放寬,對澳門賭業帶來機遇。即將公佈的11月博彩收入有望為股價帶來沖擊。

建議買入價    $3.38
目標價    $4.27
止蝕價    $3.03

 

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