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袁鉅文先生 (Aman Yuen)
經理

金融經濟系畢業, 從事股票衍生工具投資工作已有十年, 善於技術分析及期權買賣策略.歡迎各位來電交流心得
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永利澳門(1128.HK)

Wednesday, January 8, 2025 Views1298

主要在澳門營運兩間綜合娛樂場渡假村勝地,永利澳門及永利皇宮。

永利澳門位於澳門半島市區的娛樂場活動的中心,於2006年9月6日向公眾開放。提供博彩場地及額外的餐飲及零售設施。永利澳門於2010年4月增加了酒店住宿及一系列博彩與非博彩設施。永利皇宮於2016年8月開放,位於澳門路氹。娛樂場空間較舊永利大50%。提供更優質設施和更多酒店房間.

公司公布截至2024年6月底止之業績,營業額為147.3港元,按年增加37.2%。經營成本及開支總額118.2億港元,按年增加25.6% 。首9個月計,經調整物業EBITDAR為8.8億億美元,升34.4% 。

根據澳門統計暨普查局統計月報,2024年上半年到訪澳門的訪客較2023年及2019年同期分別增加43.6%及減少17.6%。影響澳門旅遊業的因素包括:

1) 中國及亞洲現行經濟狀況;影響中國內地及其他地區居民訪澳的限制、條件或其他因素。

2) 各國針對外匯管制、攜帶貨幣出境、提取貨幣、使用信用卡及借記卡和可能會不時生效的旅遊限制或旅遊簽證簽發政策。

3) 以及來自其他提供博彩及╱或休閒活動的地方的競爭。


 

摩通報告則表示,澳門2024年5月份賭收已恢復至疫前的78%水平,為疫後月度最高紀錄。該行指,中場賭收已基本超出疫情前水平,達至115%,當中普通中場及高端中場分別恢復至95%及130%。 就濠賭股估值方面,摩通認為,從歷史均值及絕對角度來看並不昂貴,目前持建設性看法,認為投資者應關注企業的長期利好因素。該行行業首選為美高梅及永利,其後為金沙。


 

投資建議

增持

建議時股價

$5.41

目標價

$6.18


 

註:本人袁鉅文為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

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.
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