Glonghui, March 7 | Goldman Sachs released a report saying that Aobo Holdings' results for the fourth quarter of 2023 are in line with the bank's and market expectations, but overall EBITDA is still being dragged down by additional costs caused by the employees of satellite casinos that have already ceased operations. Excluding the above factors and the impact of the win rate, the normalized adjusted EBITDA increased by 13% to HK$825 million on a quarterly basis. In addition, Australian gambling revenue increased by 10% on a quarterly basis, while daily operating expenses increased 8% to HK$19.3 million. Goldman Sachs adjusted the Australian Expo's EBITDA forecast for this year and next two years, falling by 4% to 2%, reducing the target price from HK$3.7 to HK$3.4, and maintaining a “buy” rating.