SJMHY SJM HOLDINGS LTD.
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SJM HOLDINGS LTD. News
Aobo Holdings (00880.HK) was increased by 8.827 million shares by Executive Director Ho Chaofeng
Gelonghui, May 17丨According to the latest equity disclosure data of the Stock Exchange, from May 10 to May 17, 2024, Aobo Holdings (00880.HK) was granted a total increase of 8.827 million shares by Executive Director Ho Chaofeng at an average price of HK$2.9056-3.0972 per share on the market, involving approximately HK$26.45 million. After the increase in holdings, Ho Chaofeng's latest shareholding was 32.731,112 million shares, and the shareholding ratio increased from 0.34% to 0.46%.
[Broker Focus] Dongwu Securities (Hong Kong) maintains Aobo Holdings (00880) purchase rating, indicating that its performance is basically in line with expectations
Jinwu Financial News | According to Dongwu Securities (Hong Kong) Research, Aobo Holdings (00880) announced first-quarter results. On the revenue side, 1Q24 achieved net revenue of HK$6.92 billion (basically in line with the agreed forecast of HK$6.85 billion), recovering to 68.2% of 1Q19. Net gaming/non-gaming revenue of HK$6.46/460 million, respectively, recovered to 76.3%/250.5% in the same period in 2019. On the profit side, 1Q24's adjusted EBITDA was HK$860 million, recovering to 80.4% of the same period in '19, slightly lower than the agreed forecast of HK$910 million, mainly due to the corporate model
Xiaomo: Maintaining the “neutral” rating of Aobo Holdings and raising the target price to HK$3.3
J.P. Morgan Chase released a research report saying that maintaining the “neutral” rating of Aobo Holdings (00880), the first quarter of this year's performance was steady, and revenue and profit performance improved. Taking into account management's expectation that Lisboa's market share will continue to grow, the EBITDA forecast for the 2024-2025 fiscal year was raised by about 5%, and the target price was raised from HK$3 to HK$3.3. The bank said that it is currently unsure that Lisboa can reach the 5% market share target in the next few years. At the same time, it believes that the deleveraging progress of the Australian Expo is disappointing. It is currently the only gaming operator in the industry that has not yet been able to generate significant free cash flow.
Macau Casino Operators' Shares Rise After China Expands Travel Visa Scheme
Macau casino operators' shares rose after China expanded its individual travel visa scheme to both Macau and Hong Kong to include eight more mainland cities.
Bank Rating | Lyon: Raise Australian Expo target price to HK$3.1 to maintain “outperforming the market” rating
According to a research report published in Lyon, following the good performance of Aobo Holdings in the first quarter of 2024, the bank raised non-gaming revenue forecasts and profit margin assumptions for Grand Lisboa and raised earnings before interest, taxes, depreciation and amortization (EBITDA) of 9% and 3% for 2024 and 2025, respectively, indicating that profit margins are resilient. However, the bank still needs to wait patiently for Lisboa's market share target to reach 5%. Supported by stable profit delivery, the bank also increased the target enterprise value multiplier (EV/EBITDA) to 7.2 times. Lyon raised the target price of Aobo Holdings from HK$2.6
Direct impact of changes | Gaming stocks rose in early trading, May 1st Macau gaming revenue was in line with expectations, and the impact of the new Hong Kong and Macau travel policy was positive
Gaming stocks were higher in early trading. As of press release, Wynn Macau (01128) rose 4.26% to HK$8.33; Aobo Holdings (00880) rose 4.14% to HK$3.02; and MGM China (02282) rose 3.29% to HK$15.06.
SJM Holdings Trims Attributable Loss in Q1 as Revenue Soars 73%
SJM Holdings' (HKG:0880) attributable loss narrowed to HK$74 million in the first quarter from HK$869 million in the year-ago period, according to a Thursday filing with the Hong Kong Stock Exchange.
CICC: Maintaining the “neutral” rating of Aobo Holdings with a target price of HK$3.3
CICC released a research report stating that maintaining the “neutral” rating of Aobo Holdings (00880), the 2024 EBITDA forecast was raised by 1% to HK$4.212 billion due to average midfielder increases driving the company's self-promotion casino performance to be better than expected. At the same time, the 2025 EBITDA forecast remains largely unchanged at HK$4.822 billion, with a target price of HK$3.3 billion. The report quoted Aobo's 1Q24 performance: the company's net revenue reached HK$6.92 billion, up 73% year on year, up 8% month on month, and recovered to 80% of 1Q19 level. The Company adjusted its EBITDA to 8.
Damo: Target price of HK$2.15 for “reduced holdings” rating for Aobo Holdings (00880)
The Zhitong Finance App learned that Morgan Stanley released a research report stating that it gave Aobo Holdings (00880) a “reduced holdings” rating, with a target price of HK$2.15. According to the report, the company's adjusted EBITDA increased 23% quarterly to 864 million yuan in the first quarter, which was generally in line with the bank's and market expectations. This was due to the high profit margin of the VIP room; the net loss was about 74 million yuan, an improvement of 76% from quarter to quarter. The bank believes that if the stock price continues to rise this year, the market will also raise its forecast for this stock. The bank pointed out that excluding the one-time cost of 58 million yuan involved in starting the project, operating expenses for the first quarter increased by 3% quarterly, with the industry base
SJM Holdings 1Q Loss HK$74M Vs. Loss HK$869M >0880.HK
SJM Holdings 1Q Loss HK$74M Vs. Loss HK$869M >0880.HK
Aobo Holdings (00880.HK): Net gaming revenue increased to HK$6.464 billion in the first quarter
Gelonghui, May 9 | Aobo Holdings (00880.HK) announced that in the first quarter of 2024, the Group's net gaming revenue increased to HK$6.64 billion, compared to HK$3.705 billion in the first quarter of 2023; the adjusted EBITDA was HK$864 million, compared to HK$31 million in the first quarter of 2023; the adjusted EBITDA rate was 12.5%, compared with a loss of HK$869 million in the first quarter of 2023. First in 2024
Aobo Holdings (00880) announced first-quarter results. Losses attributable to shareholders of HK$74 million narrowed 91.48% year over year
Aobo Holdings (00880) announced that for the three months ended March 31, 2024, the group achieved total net revenue...
SJM HOLDINGS: 2024 FIRST QUARTER SELECTED UNAUDITED KEY PERFORMANCE INDICATORS
China Galaxy Securities: Expected poor opportunities for recommending higher education and gaming sectors in the context of improving Hong Kong stock expectations
Along with the recent overall strengthening of the Hong Kong stock market, China Galaxy Securities proposes to focus on higher education and gaming sectors with large differences in expectations and attractive valuations.
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 10% to lead gaming stocks, and the National Immigration Administration introduced six policies and measures to facilitate entry/exit management for private enterprises
Gaming stocks generally rose in early trading. As of press release, Macau International Development (00200) rose 9.39% to HK$5.94; Sands China (01928) rose 4.38% to HK$19.54; Aobo Holdings (00880) rose 3.5% to HK$2.96; and Galaxy Entertainment (00027) rose 3.09% to HK$36.7.
Gaming stocks rose collectively, and Melco International Development (00200) rose 9.76%, and the central government promoted a number of measures to benefit Australia
Jinwu Financial News | Gaming stocks rose collectively. Macau International Development (00200) rose 9.76%, MGM China (02282) rose 4.77%, Sands China (01928) rose 4.38%, Aobo Holdings (00880) rose 3.85%, Galaxy Entertainment (00027) rose 3.09%, and Wynn Macau (01128) rose 2.77%. The State Administration of Immigration issued a notice on the 28th regarding the implementation of certain policies and measures to further facilitate the entry and exit management of enterprises for the benefit of the people. These measures will further facilitate personnel exchanges and mutually beneficial cooperation between the Mainland, Hong Kong and Macao, and support the moderate diversification of Macao's economy
澳博控股：董事會會議日期
澳博控股：年報2023
The number of inbound visitors to Macau increased 79% year-on-year in the first quarter to 8.875,800
On April 22, the Macao Statistics and Census Service announced that the total number of inbound visitors in the first quarter of this year was 8.875,800, up 79.4% year on year, and recovered to 85.7% in the same period in 2019.
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 4%, leading the gaming stock market to enter Macau's May 1st Golden Week with an average of 130,000 visitors per day
Gaming stocks rebounded collectively today. As of press release, Macau International Development (00200) rose 3.8% to HK$5.19; Aobo Holdings (00880) rose 3.45% to HK$2.7; Wynn Macau (01128) rose 2.51% to HK$7.36; and Galaxy Entertainment (00027) rose 2.08% to HK$34.35.
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