Xin Lang Cai Jing·2026-01-14 02:10Group 1 - The core viewpoint of the report is that Aubo Holdings (00880) is expected to have weak performance in the fourth quarter of last year, with revenue market share and profit margins under pressure, potentially dragging down profitability [1][4] - The adjusted EBITDA for the quarter is forecasted to decline by 30% year-on-year to HKD 696 million [1][4] - Investors are likely to focus on the company's market share performance, the robustness of its balance sheet, and when it will resume dividend payments after the acquisition of the Macau Legend [1][4] Group 2 - The overall performance for the last quarter is expected to be mediocre, with a projected net loss of HKD 187 million for the full year [1][6] - The target price has been slightly adjusted down from HKD 3 to HKD 2.9, while maintaining an "outperform" rating [1][6] - Net profit forecasts for the next two years have been revised down by 6% to 8% [1][6]