大行评级丨瑞银：澳博第三季EBITDA符合预期 评级“沽售”

Core Viewpoint - UBS reported that the EBITDA for 澳博控股 (Sands China) in Q3 was HKD 881 million, representing a year-on-year decline of approximately 15% but a quarter-on-quarter increase of about 28%, aligning with the bank's and market's forecast of HKD 856 million to HKD 898 million [1] Financial Performance - 澳博控股's Q3 gaming net revenue was HKD 6.537 billion, with a net profit of HKD 9 million [1] Management Strategy - The management plans to close the remaining four satellite casinos by the end of the year and integrate its customer and marketing teams [1] - The expected capital expenditure for the next year is HKD 1.5 billion [1] Analyst Rating - UBS has assigned a "Sell" rating to the company with a target price of HKD 2.8 [1]