《大行》汇丰研究降澳博目标价至 2.8 元 维持「持有」评级

HSBC Global Research report indicates that SJM HOLDINGS (00880.HK) second-quarter profit margin did not meet expectations due to changes in product mix and increased operating expenses from the expansion of the sales team. The expansion of the Lisboa Casino can accommodate 25% to 35% of the tables transferred from satellite casinos, which will provide room for an increase in profit margin and EBITDA. The bank has lowered its target price for SJM from HKD 3.2 to HKD 2.8, maintaining a "Hold" rating