里昂：预测澳博控股(00880)上季经调整EBITDA同比跌三成 下调目标价至2.9港元

Core Viewpoint - The report from Credit Lyonnais indicates that Aubo Holdings (00880) is expected to show weak performance in the fourth quarter of last year, with revenue market share and profit margins under pressure, potentially dragging down profitability [1] Financial Performance - The adjusted EBITDA for the quarter is forecasted to decline by 30% year-on-year to HKD 696 million [1] - The company is predicted to record a net loss of HKD 187 million for the entire year [1] Market Position and Outlook - Investors are likely to focus on the company's market share performance, the robustness of its balance sheet, and the timeline for resuming dividends after the acquisition of the Macau Venetian [1] - Credit Lyonnais has slightly lowered the target price from HKD 3 to HKD 2.9 while maintaining an "outperform" rating [1] - Net profit forecasts for the next two years have been reduced by 6% to 8% [1]