大行评级丨大摩:上调银河娱乐目标价至36港元,上调2026至28年股息预测

格隆汇
Aug 18
摩根士丹利发表研报,因应银河娱乐今年EBITDA预测上调1%、非博彩资本开支预测下调5%及净利息收入预测上调32%,推动自由现金流收益率预测上调4%,相应将目标价由34港元上调至36港元,维持“与大市同步”评级。大摩同时将银娱2026至28年各年每股股息预测分别上调30%、19%及17%,派息比率预测由60%上调至75%。大摩认为,银娱自疫情起因自身净现金状况,以及银河路凼第三及第四期项目具有增长潜力,而享有较同业高的估值溢价,惟未来股价进一步上升将要依靠盈利预测上调。

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