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大摩:维持金沙中国(01928)“与大市同步”评级 目标价24港元

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摩根士丹利发布报告称,维持金沙中国(01928)“与大市同步”评级,目标价24港元。

报告中称,公司公布按美国会计准则2023年第四季经调整物业EBITDA为6.54亿美元,按季升4%(相当于2019年第四季的81%),此低于市场同业原预期6.89亿美元,主要受赢率较低所影响。公司上季hold-adjusted EBITDA录6.94亿美元按季升13%(相当于2019年第四季的88%)符合预期。

该行指出,金沙中国去年第四季中场市场份额按季流失,但幅度少于预期,中场及角子机相关收入按季升9%(相当2019年第四季的97%),低端中场(grind mass)按季升7%增长较优越中场(按季升13%)为慢,主要是澳门巴黎人受到澳门新濠影汇的竞争影响,但该行认为此并非市场趋势。

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