The first Shanghai maintain SJM holdings rating 福建工程学院软件学院

The first Shanghai: maintain SJM hold rating hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future? Sina Hong Kong stocks launched "Hong Kong stocks are not attractive" big discussion, with a rational and constructive attitude, welcome to pay attention to Hong Kong stocks, people concerned about the capital market, together with Hong Kong stocks for advice and suggestions, and conspiracy of Hong Kong stock market tomorrow. Please to hkstock_biz@sina. In 2016 Second Quarterly Review in the second quarter of 2016, SJM’s gambling revenue fell 18.1%, fell 10.5% to HK $9 billion 870 million (the same below), total revenues were 18% and 10.5% year on year and the chain back to 9 billion 980 million yuan. The VIP gaming revenue, gaming revenue and midfield slot machine gambling revenues were 27.6%, 7.8% and 1.5% year back; the chain fell 18.7%, down 2.2% and 1.3% growth. EBITDA fell by 22%, a decrease of 5%, to 796 million yuan; EBITDA rate fell by 0.4 percentage points, the chain increased 0.5 percentage points to 8%. Net profits fell 31.9% and 4.5% to 536 million yuan, respectively. The first half of 2016, SJM’s gaming revenue fell 20.7% to 20 billion 880 million yuan; total revenue grew back 20.6% to 21 billion 130 million yuan; EBITDA rate fell 0.8 percentage points to 7.7%; net profit fell by 38.7% to 1 billion 90 million yuan. The interim dividend is 6 cents per share. Market share reduced to 20%. The company’s net cash is 13 billion 990 million yuan. The Grand Lisboa, EBITDA rate increase 0.4 percentage points in the second quarter of 2016, the Grand Lisboa casino revenue fell 15.9%, a decrease of 4.9% to 3 billion 330 million yuan. The VIP gaming revenue, gaming revenue and midfield slot machine gambling revenue fell 7.1%, respectively 0.04% and 9%. EBITDA rate decreased by 1.3 percentage points, the chain increased 0.4 percentage points to 12.6%. The average housing price in the first half of this year was reduced to 1609 yuan, and the occupancy rate was 90.5%. Other casinos and satellite casinos continued to decline in the period, other Casino Casino revenue fell by 17%, a decrease of 11.9% to 1 billion 460 million yuan. EBITDA was 153 million yuan (decrease by 1.3), EBITDA rate increased by 1.1 percentage points to 10.5%. Satellite casino gaming revenue fell by 19.7%, a decrease of 13.4% to 5 billion 70 million yuan. theory

第一上海:维持澳博控股持有评级 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经App:直播上线 博主一对一指导 新浪港股APP:实时行情 独家内参   港股还值不值得投资?出现了什么问题?未来出路在哪里?新浪港股发起“港股还有没有吸引力”大讨论,以理性、建设性的态度,欢迎关注港股、关注资本市场的人士,一起为港股建言献策,共谋港股市场的明天。来稿请至hkstock_biz@sina 。   2016 年第二季度业绩回顾   于 2016 年第二季度, 澳博博彩收入同比减少18.1%,环比下跌10.5%到98.7 亿港元(同下), 总收入分别同比及环比倒退18.0%及10.5%到99.8 亿元。贵宾博彩收入、中场博彩收入及角子机博彩收入分别同比倒退27.6%、7.8%及1.5%;环比分别下跌18.7%、下跌2.2%及增长1.3%。 EBITDA 同比下跌22.0%, 环比减少5.0%, 到7.96 亿元; EBITDA 率同比下降0.4 个百分点, 环比提升0.5个百分点到8.0%。净利润分别同比下跌31.9%及环比减少4.5%到5.36 亿元。2016 年上半年, 澳博博彩收入同比减少20.7%到208.8 亿元; 总收入同比倒退20.6%到211.3 亿元; EBITDA 率同比下降0.8 个百分点到7.7%; 净利润同比下跌38.7%到10.9 亿元。中期股息为每股6 港仙。市场占有率减少到20.0%。公司目前的净现金为139.9 亿元。   新葡京娱乐场 EBITDA 率环比提升0.4 个百分点   于 2016 年第二季度, 新葡京娱乐场的博彩收入同比下跌15.9%,环比减少4.9%到33.3 亿元。贵宾博彩收入、中场博彩收入及角子机博彩收入分别环比下跌7.1%、0.04%及9%。 EBITDA 率同比减少1.3 个百分点, 环比提升0.4 个百分点到12.6%。上半年的平均房价减少到1609 元; 入住率为90.5%。其他自营娱乐场及卫星娱乐场的表现继续下滑期内, 其他自营娱乐场的博彩收入同比下跌17.0%, 环比减少11.9%到14.6 亿元。EBITDA 为1.53 亿元(环比减少1.3), EBITDA 率环比提升1.1 个百分点到10.5%。卫星娱乐场的博彩收入同比下跌19.7%, 环比减少13.4%到50.7亿元。 EBITDA 为1.67 亿元 (环比减少14.8%), EBITDA 率回维持稳定,为3.3%。   ‘上葡京’项目   澳博位于路凼的综合度假村‘上葡京’, 其建筑工程于2016 年上半年的进展满意, 预计此项目将于2017 年年底完成所有工程。‘上葡京’占地52.1 万平方米, 将提供2,000 间酒店客房。预算建筑成本约为300 亿元。   目标价 5.6 港元,维持持有评级   由于澳博的市场占有率继续有所减少和我们对公司在推出新项目之前的增长持有谨慎的看法, 我们维持持有评级。目标价为5.6 港元, 这是基于新葡京���、其他自行推广娱乐场及卫星娱乐场8 倍、6 倍及6 倍2016 年的EBITDA估值, 和其他业务6 倍2016 年的EBITDA 估值。但我们相信澳门博彩行业的长远增长空间还是存在, 特别是中场业务; 在行业稳定之后和‘上葡京’新项目推出之后, 公司的增长还是会受益。 进入【新浪财经股吧】讨论相关的主题文章: