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花旗:澳门博彩股最新目标价(表) 重申看好行业前景

Citibank: The latest target price for Macau gaming stocks (table) reaffirms optimism about the prospects of the industry

Zhitong Finance ·  May 28 16:39

According to Citigroup, all gaming operators in Macau agree that Macau's gaming revenue is still expected to grow.

The Zhitong Finance App learned that Citi released a research report saying that after meeting with Macau's top six gaming companies, all gaming operators agreed that Macau's gaming revenue is still expected to grow. Expanding free travel cities in the mainland will drive a further increase in the number of travelers, while high-spending travelers maintain their willingness and ability to spend, and smart casino technology is also beneficial.

The report said that with the basic stabilization of operating expenses of gaming companies, operating leverage will come into play, and the EBITDA growth rate is expected to accelerate. The bank believes that the valuation of Macau gaming stocks is only 9 times the predicted corporate value multiple (EV/EBITDA) for the next year, which is more than 1.5 standard deviations below the historical average. The current valuation level provides investors with a higher entry point and reaffirms optimism about the prospects of the industry.

The translation is provided by third-party software.


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