《大行》里昂:美高梅中国(02282.HK)上季物业EBITDA高于预期

阿斯达克财经
14 Feb

里昂发表研报指,美高梅中国(02282.HK) 上季物业EBITDA按季增长7%,较市场及该行预期高4%至5%。另外,该博企2024财年第四季博彩收入市占保持稳固。
里昂估算,美高梅中国高于正常的赢率、更高的转码数及中场赌台投注额,共同产生87.11亿元的博彩收益,即按季增长约10%。至于营运开支、回扣、再投资的开支,与净收入基本同步增长9%至10%。因此,该博企EBITDA利润率小幅收缩至26.8%,现估值相当于预测2025财年企业价值对EBITDA约6.6倍。评级“跑赢大市”。(js/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-02-13 16:25。)

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