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《大行》里昂料澳門5月226億澳門元博彩收入預測可達成
里昂發表報告,分享於5月2日黃金周期間走訪澳門多間賭場的觀察。該行指出,隨著中午過後賭場人流增加,最低投注額表現健康,一般中場最常見為每注1,000至2,000港元,而貴賓區域的最低投注額普遍高達5,000港元,並在新濠天地看到兩張最低投注額為10,000港元的賭檯。該行認為5月226億澳門元博彩總收入預測應可達成。該行表示,留意到美高梅中國(02282.H...
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《大行》里昂料澳門5月226億澳門元博彩收入預測可達成
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里昂發表報告,分享於5月2日黃金周期間走訪澳門多間賭場的觀察。該行指出,隨著中午過後賭場人流增加,最低投注額表現健康,一般中場最常見為每注1,000至2,000港元,而貴賓區域的最低投注額普遍高達5,000港元,並在新濠天地看到兩張最低投注額為10,000港元的賭檯。該行認為5月226億澳門元博彩總收入預測應可達成。

該行表示,留意到美高梅中國(02282.HK)  -0.440 (-3.767%)    Short selling $32.01M; Ratio 45.863%   及新濠天地等賭場已推出新的外圍投注選項。該行認為,雖然玩家適應需時,但更多元的遊戲選擇長遠將結構性地提升賭場的贏率。此外,該行指出,自2025年以來觀察到貴賓中場客戶在非高峰周前往澳門的意願正在增加,預期黃金周後可能出現為期約一周的強勁尾勢。該行重申其預測,即2026年5月澳門GGR將按年增長6.6%至226億澳門元,此預測與市場普遍預期的增長6.3%大致相符,並相信目標可以達成。

里昂認為,目前澳門博彩業的企業價值倍數(EV/Ebitda)約為8.9倍,相較於該行認為新常態下應有的11至12倍平均水平,估值並不昂貴。該行對六隻澳門賭業股作出投資評級及目標價,給予「跑贏大市」評級的股份包括:銀河娛樂(00027.HK)  -0.940 (-2.835%)    Short selling $146.03M; Ratio 21.196%   ,目標價為47.4港元;美高梅中國(02282.HK)  -0.440 (-3.767%)    Short selling $32.01M; Ratio 45.863%   ,目標價為19.2港元;金沙中國(01928.HK)  -0.370 (-2.267%)    Short selling $94.45M; Ratio 36.693%   ,目標價為20港元。此外,該行亦給予新濠博亞(MLCO.US)      「跑贏大市」評級,目標價為8.5美元。

里昂對永利澳門(01128.HK)  -0.070 (-1.235%)    Short selling $6.57M; Ratio 22.604%   給予「持有」評級,目標價為5.7港元;並對澳博控股(00880.HK)  -0.010 (-0.485%)    Short selling $5.12M; Ratio 45.601%   給予「跑輸大市」評級,目標價為1.7港元。(ad/j)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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