智通财经APP获悉，摩根士丹利发布研报称，澳门去年12月博彩收入为209亿澳门元，约26.1亿美元，同比增长14.8%，按季下降1%，低于市场预期。去年第四季澳门博彩收入达到661亿澳门元，约82.6亿美元，同比增长15%，按季增长5.6%。第四季EBITDA预计同比增长超过10%。
报告指，2025全年澳门博彩收入为2,470亿澳门元，约310亿美元，同比增长9%，达到2019年水平的85%。其中，中场收入已超过2019年水平的120%。大摩指，澳门博彩股板块的企业价值对EBITDA为8.5倍，对比过去15年平均12.8倍，仍具吸引力。该行较偏好银河娱乐(00027)及金沙中国(01928)。已将美高梅中国(02282)降至“与大市同步”，澳博控股(00880)维持减持。当中，美高梅中国在12月表现大幅落后，或有短期反弹机会。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.