智通财经APP获悉，高盛发布研报称，金沙中国(01928)第四季业绩略逊预期，经调整EBITDA按季微升1%至6.08亿美元，低于市场预期的6.1亿至6.4亿美元。若将贵宾厅赢率由3.9%调整回理论值3.3%，EBITDA将减少2,600万美元至5.82亿美元，即按季下跌3%或同比上升2%。予“买入”评级。
展望2026年，管理层对澳门博彩业前景仍持相对乐观态度，且不认为世界杯会对博彩总收入造成重大影响。该行预测2026及27年EBITDA利润率为31%及31.4%，对应物业EBITDA分别为25亿及27亿美元，接近公司中期目标27亿至28亿美元，但低于2019年的30亿美元水平。
考虑到较低的EBITDA利润率，该行将2026至2027年EBITDA预测下调4%至5%，目标价由24.2港元下调至23.2港元，由于未来几年亦没有主要的资本开支，预计集团将继续增加派息。
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.