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袁鉅文先生 (Aman Yuen)
經理

金融經濟系畢業, 從事股票衍生工具投資工作已有十年, 善於技術分析及期權買賣策略.歡迎各位來電交流心得
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銀河娛樂集團有限公司(27.HK.)

Friday, June 25, 2021 Views5956

簡介

銀河娛樂集團有限公司(Galaxy Ent)是一家酒店和娛樂公司。該公司在澳門開發和經營酒店,博彩娛樂及綜合度假設施。本公司的主要業務為投資控股。本公司透過其附屬公司從事於娛樂場遊戲或其他形式的遊戲,在澳門提供款待及相關服務,以及製造,銷售及分銷建築材料。它的細分市場是遊戲和娛樂,建築材料以及公司和資金管理。公司的澳門銀河包括五家酒店的約3600間客房,套房和別墅,包括澳門麗思卡爾頓酒店;澳門悅榕莊; 澳門JW萬豪酒店; 澳門大倉酒店和銀河酒店。該公司的百老匯酒店擁有約320間客房和套房,門廊,代客停車和裝潢。銀娛經營三個城市俱樂部賭場:沃爾多賭場,總統賭場和里約賭場。

財務摘要

截至 2020 年 12 月 31 日止財政年度,銀河娛樂集團有限公司收入下降 75% 至 HK$12.88B。淨虧損總計 HK$3.97B,而收入為 HK$13.04B。 收入反映博彩和娛樂部門減少 79% 至 HK$10.14B,澳門部門減少 79% 至 HK$10.45B,入住率 - %-百老匯澳門減少 78% 至 22%。淨虧損反映利息收入減少 11% 至 HK$1.16B(收入)。

前景展望

去年9月重新開放賭場,對行業的前景帶來了希望,可惜並未能為澳門的博彩收入帶來驚喜的增長,令市場失望。原因係新病毒變種和市民的接種疫苗數量未如理想,繼續影響邊境的開放程度。

在5月中旬一次有外交部和國家衛健委官員參加的國務院會議上,北京決定暫時將邊境疫情防控措施維持至2022年下半年,原因是中共「二十大」年底召開和明年二月舉行北京「冬奧」能夠順利完成。簽證只會發放接種中國疫苗的人,並維持入境後14日酒店強制隔離。

而6月份開始國內個别成市有發現市民感染新型病毒,期中廣東省較為嚴重,多個城市需要做全民檢測,找出原頭。相信對澳門邊境開放有很大影響。短期會對博彩股價做成壓力。


 

 

建議:

買入價:$56.5

目標價:$65

止損價:$50

本人 袁鉅文為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益

 

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