富瑞发表研究报告指,美高梅中国(02282.HK) 与母企美高梅国际敲定新的品牌授权协议,年期将与美高梅中国现行博彩经营权一致。该行认为,相关品牌授权费符合全球品牌及授权市场的范围,并处于其澳门同行中的高端。该行预计,假设其他条件不变,品牌授权费上升将导致美高梅中国2026年经调整EBITDA下降6%,而纯利则料跌10%。另外,如果公司维持50%的派息率,其2026/27年度的每股派息将相应下降,...
Source Link富瑞发表研究报告指,美高梅中国(02282.HK) 与母企美高梅国际敲定新的品牌授权协议,年期将与美高梅中国现行博彩经营权一致。该行认为,相关品牌授权费符合全球品牌及授权市场的范围,并处于其澳门同行中的高端。该行预计,假设其他条件不变,品牌授权费上升将导致美高梅中国2026年经调整EBITDA下降6%,而纯利则料跌10%。另外,如果公司维持50%的派息率,其2026/27年度的每股派息将相应下降,...
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