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There's Reason For Concern Over SJM Holdings Limited's (HKG:880) Price
There wouldn't be many who think SJM Holdings Limited's (HKG:880) price-to-sales (or "P/S") ratio of 0.8x is worth a mention when the median P/S for the Hospitality industry in Hong Kong is similar at
Damo: Target price for “reduced holdings” rating for Aobo Holdings raised to HK$2.15
Morgan Stanley released a research report stating that the “reduced holdings” rating for Aobo Holdings (00880) predicted earnings per share for 2024 to 2026 at $0.05, 0.19, and $0.28, while the target price was raised from HK$1.9 to HK$2.15. The bank said it lowered the market share forecast for the company's 2024 self-operated midfield gaming revenue calculation to 7.3%. Among them, the market share of Shanghai Lisboa is expected to rise to 1.4% from 1.3% in the previous quarter. At the same time, it also predicts that the operating expenses and midmarket investment amount of Shanghai Lisboa will increase further, dragging down the annual EBITDA by 4%. However, Oma
Changes in Hong Kong stocks | Galaxy Entertainment (00027) rose more than 4% to lead gaming stock UBS says operating expenses and competitive pressure on Macau gaming stocks have eased
Gaming stocks picked up in early trading. As of press release, Galaxy Entertainment (00027) rose 3.69% to HK$40.75; MGM China (02282) rose 3.25% to HK$12.08; Aobo Holdings (00880) rose 3.03% to HK$2.38; and Sands China (01928) rose 2.84% to HK$21.75.
First Shanghai: Maintaining Aobo Holdings' “Buy” Rating Target Price of HK$3.28
First Shanghai released a research report saying that maintaining the “buy” rating of Aobo Holdings (00880) is believed to benefit as Macau recovers; at the same time, climbing the “Shanghai Lisboa” slope will enhance the group's long-term growth and competitive advantage; it continues to be optimistic about the future development of Aobo, with a target price of HK$3.28. The company's gross gaming revenue in the fourth quarter of 2023 increased 9% month-on-month to HK$6.74 billion (same as below) (recovering to 65.7% in the same period in 2019). According to the report, looking at the performance of “Grand Lisboa” and other casinos by business: the gaming revenue of “Grand Lisboa” and other self-operated and satellite casinos is divided
[Broker Focus] First Shanghai Shengao Expo Holdings (00880) target price of 43% to HK$3.28 is expected to benefit from Macau's recovery
Jinwu Financial News | According to the First Shanghai Development Research Report, Aobo Holdings (00880)'s gross gaming revenue in the fourth quarter of 2023 increased 9.0% month-on-month to HK$6.74 billion (same figure) (recovering to 65.7% in the same period in 2019). EBITDA increased 23.8% month-on-month to 700 million yuan (recovering to 59.1% in the same period in 2019), and the performance of “Grand Lisboa” and other self-operated businesses was in line with expectations. Net profit loss continued to narrow slightly to -340 million yuan. With Macau's recovery, the bank believes the Group will also benefit; at the same time, climbing the “Upper Lisboa” slope will enhance the Group's long-term growth and competition
UBS: Macau Gaming Stocks Prefer Sands China as Operating Expenses and Competitive Pressure Ease
UBS released a research report saying that the operating expenses, competitive environment and non-gaming business development of gaming companies in Macau are becoming positive, and that they are optimistic about the prospects of the industry, and prefer Sands China (01928). As far as demand is concerned, Macau gaming companies are generally optimistic about the sustainability of midfield gaming revenue recovery. Non-gaming activities also enhance Macau's appeal, giving Sands China, Macau International Development (00200), Galaxy Entertainment (00027), MGM China (02282), Wynn Macau (01128), and Aobo Holdings (00880). Target prices are 26.9, 7.3
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