[ET Net News Agency, 17 April 2020] Credit Suisse lifted its target price for SJM
Holdings (00880) to HK$9.5 from HK$8.2 and upgraded its rating to "outperform" from
"neutral".
The research house said Macau gaming sector is trading at 10x its conservatively based
2021 EBITDA. Credit Suisse sees potential re-opening of IVS (Individual Visa Scheme) in
May, positive newsflow, and recovering GGR momentum as ongoing catalysts.
Credit Suisse thinks SJM in 1Q should have gained mass share but lost in VIP partly on
luck. With a drop in GGR, Credit Suisse expects it to see LBITDA of HK$39mn. With our new
industry GGR assumption, Credit Suisse cut its EBITDA estimate by 46% for FY2020 but
lifted 7% for FY2021. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00880 SJM HOLDINGS
Nominal 
2.860 +0.060 (+2.143%) Research Report
17/04/2020 17:52
{I-bank focus}Credit Suisse lifts SJM Holdings to HK$9.5
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |