Goldman Sachs published a research report indicating that GEG's first-quarter results were in line with expectations. EBITDA remained flat on a quarterly basis, and the increase in new facilities in the third phase did not greatly benefit gross margins because the market recovery was still dominated by high-end midfielders. Furthermore, the Group is facing more intense competition from other operators such as MGM China, and these operators have increased promotional activities and reinvestment rates. GEG's overall EBITDA of 2.84 billion yuan was not significant compared to the third and fourth quarters of last year, respectively. The report quoted GEG management as saying that the Group's gambling market share bottomed out from January to February and then improved on a monthly basis. The Group believes this strong trend will continue until the Labor Day holiday in May, when midmarket gambling revenue reached more than 120% of pre-pandemic levels. The bank believes its market share can rise above 18% in April and mid-May. Goldman Sachs believes that recent stock market adjustments have provided a buying opportunity for GEG. The bank expects the Group's market share to rise to 19.2% in the fourth quarter of this year, and the stock's valuation premium will be drastically reduced, making it the industry's first choice.
高盛发表研究报告指银娱首季业绩符合预期EBITDA按季持平第三阶段增加新设施并未大幅利好毛利率因为市场复苏仍然由高端中场主导。另外集团面对着来自如美高梅中国等其他营运商的更激烈竞争这些营运商已加大促销活动和再投资率。银娱的整体EBITDA为28.4亿元与去年第三及第四季相比分别不大。报告引述银娱管理层指集团的赌收市占率在1月至2月触底并随后按月改善。集团相信这个强劲势头将一直持续到5月的劳动节假期当时其中场赌收达到疫情前水平的120%以上。该行相信其市占率可在4月和5月中旬升至18%以上。高盛认为最...
Goldman Sachs published a research report indicating that Bank Entertainment's first-quarter results were in line with expectations. EBITDA remained flat on a quarterly basis, and the increase in new facilities in the third phase did not greatly benefit g
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