智通财经APP获悉,花旗发布研报称,维持澳博控股(00880)“沽售”评级,目标价2.05港元。该行称,澳博旗下“上葡京”项目的市场份额至上季持续改善,但幅度正在放缓。另外,澳博的负债比率有显著改善,但仍然处于过高水平,因此料难以在短期内恢复派息,加上集团所经营的卫星场仍存在不确定性。
花旗提到,澳博上季净收入同比增长19%;经调整EBITDA改善42%至9.93亿港元,大致符合该行预测的9.96亿港元,并胜市场预期2%。另外,管理层指引今年首两个月的赌收同比录得双位数增长,而2025财年的开支预计介于15亿至20亿港元,又对卫星场业务模式改变可能带来的影响保持乐观。
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