报告名称：Wynn Macau(01128.HK)Positive prelim 1Q16： property EBITDA fell 8-12% YoY
报告类型：港股研究
报告日期：2016-04-06
研究机构：招商证券（香港）
股票名称：永利澳门
股票代码：01128
页数：6
简介：1Q16E adj. property EBITDA is guided to range US$187-195mn. Midpoint implies 10% YoY decline, 19% QoQ improvement
Net revenue was down 13-15% YoY, up 9-10% QoQ. Broadly in line with Macau GGR’s 13% YoY decline
Surprising preliminary 1Q16E might help the stock after the recent downtrend from last week, but we still see further downside risk, given the potential postpone of Wynn Palace’s opening and weakening balance sheet

下载地址：Wynn Macau(01128.HK)Positive prelim 1Q16： property EBITDA fell 8-12% YoY