- Cѧާާڧ
- ӧ
- ߧ SiGMA
- ҧ֧ߧڧ ܧߧݧڧӧѧߧڧ
- 骧ܧ֧ߧ
- O ߧѧ
ԧ֧ߧӧ Fitch Ratings Inc. ٧ѧӧڧݧ, ݧѧߧ SJM Holdings Ltd ٧ѧܧڧ ֧ާ ѧ֧ݧݧڧߧ ܧѧ٧ڧߧ ӧܧ ߧ֧էӧڧاڧާ, ܧ ѧݧا֧ߧ Casino Ponte 16 Casino LArc Macau, ӧ ݧ ܧѧا ֧ӧ֧ߧߧ ӧݧڧߧڧ ߧ ܧ֧էڧߧ ڧݧ ֧ѧ. ֧ާ ߧ , է֧ݧܧ ҧէ ڧߧѧߧڧӧѧߧ ٧ ק ٧ѧקާߧ ֧է, ѧߧѧݧڧڧܧ ڧѧ, ڧߧѧߧӧѧ ߧѧԧ٧ܧ ѧߧ֧ ߧ ѧӧݧ֧ާ ӧߧ, էݧԧӧѧ ߧѧԧ٧ܧ SJM ѧߧ֧ ֧է֧ݧѧ էڧާ ٧ߧѧ֧ߧڧ.
֧֧ ާէ֧ݧ ѧާ֧ݧߧԧ ѧӧݧ֧ߧڧ
SJM Holdings, ֧ ݧڧ֧ߧ٧ڧ ѧҧѧ է֧ӧ ڧ էڧߧߧѧէѧ ѧ֧ݧݧڧߧ ܧѧ٧ڧߧ ѧܧѧ, 9 ڧߧ ҧӧڧݧ ݧѧߧѧ ݧߧ ܧѧ٧ѧ ާէ֧ݧ. ݧ 2025 ԧէ էݧاѧ ѧҧ ݧڧ էӧ ҧ֧ܧ Ponte 16 LArc Macau. ާѧߧڧ ߧѧާ֧֧ߧ ӧܧڧ ٧էѧߧڧ, ܧ ѧݧا֧ߧ ܧѧ٧ڧߧ, ֧֧ӧ֧ ڧ ާѧ ҧӧ֧ߧߧ ٧ѧӧ֧է֧ߧڧ.
Casino Ponte 16 ӧާ֧ߧ ֧էڧڧ SJM Holdings (51%) ԧߧܧߧԧܧ Success Universe Group Ltd (49%). Casino LArc Macau ӧ٧ѧߧ ߧا֧ݧ ֧ , ֧է֧էѧ֧ݧ֧ ӧ֧ էڧ֧ܧ ڧݧߧڧ֧ݧߧ էڧ֧ܧ SJM Holdings. ҧ ҧ֧ܧ ߧѧէ ߧ ݧӧ ѧܧѧ.
֧էڧ է֧ݧܧ ֧ҧ էҧ֧ߧڧ ѧӧڧ֧ݧӧ ѧܧѧ.
ݧڧߧڧ ߧ ڧߧѧߧӧ ڧݧ ֧ѧڧߧߧ է֧֧ݧߧ
֧ߧܧ Fitch Ratings, ӧܧ ҧ֧ܧ ٧ ק ڧӧݧ֧קߧߧ ֧է ާا֧ ݧڧ ާ֧֧ߧߧ . էߧѧܧ ܧѧ٧ѧ֧ݧ EBITDA (ڧҧݧ է ӧ֧ ֧ߧ, ߧѧݧԧ, ڧ٧ߧ ѧާڧ٧ѧڧ) էӧ ܧѧ٧ڧߧ ѧڧߧ ܧާ֧ߧڧ֧ ߧӧ էݧ. ߧѧݧڧڧܧ اڧէѧ, ڧ ܧڧڧ֧ߧ էݧԧӧ ߧѧԧ٧ܧ EBITDA ߧڧ٧ڧ է ӧߧ ߧڧا 5 2027 ԧէ ֧է֧ݧѧ էڧާԧ.
է֧ܧѧҧ 2023 ԧէ Fitch էӧ֧էڧݧ էݧԧߧ ֧ۧڧߧ է֧ݧ ާڧ֧ߧ ڧߧѧߧߧ ӧѧݧ էݧ SJM ߧ ӧߧ BB- ѧҧڧݧߧ ԧߧ٧.
٧ާ֧ߧ֧ߧڧ ٧ѧܧߧէѧ֧ݧӧ ڧӧէ ҧާ էӧڧԧ
֧֧ߧڧ SJM ӧ٧ѧߧ ҧߧӧݧקߧߧ ٧ѧܧߧէѧ֧ݧӧ ѧܧѧ, ӧڧӧڧ ڧݧ 2023 ԧէ. 2026 ԧէ ߧߧڧ ڧߧӧ֧ ѧ֧ݧݧڧߧ ܧѧ٧ڧߧ ާԧ ٧ѧѧҧѧӧѧ ݧܧ ֧֧ ٧ѧ֧ԧڧڧӧѧߧߧ ѧӧݧ ܧާѧߧڧ, ݧѧ ڧܧڧӧѧߧߧ ӧ٧ߧѧԧѧاէ֧ߧڧ ٧ ѧӧݧ֧ߧڧ ֧اߧ ާէ֧ݧ ѧ֧է֧ݧ֧ߧڧ էէ ҧէ֧ ާ֧ߧ֧ߧ.
ߧѧ֧ ӧ֧ާ ѧܧѧ ѧҧѧ 11 ѧ֧ݧݧڧߧ ܧѧ٧ڧߧ: է֧ӧ ݧڧ֧ߧ٧ڧ֧ SJM, էߧާ ݧڧ֧ߧ٧ڧާ Galaxy Entertainment Group Melco Resorts & Entertainment.
֧֧ѧ֧է֧ݧ֧ߧڧ ݧ ֧ߧѧݧ
֧ݧ ӧ֧ߧڧ ֧ѧڧߧߧ ֧ܧڧӧߧ SJM ݧѧߧڧ֧ ֧֧ѧ֧է֧ݧڧ ܧݧ 300 ڧԧӧ ݧ 4 000 էߧڧܧ ڧ ٧ѧܧӧѧ֧ާ ѧ֧ݧݧڧߧ ܧѧ٧ڧߧ ӧ ҧ֧ܧ, ӧܧݧѧ Grand Lisboa Palace. ݧѧԧާѧߧܧڧ ܧ ҧ֧ ѧ٧ާ֧ڧ ҧݧ֧ 300 ݧ, էߧѧܧ ߧ ֧ܧڧ ާާ֧ߧ ѧܧڧӧߧ ݧܧ 210.
Fitch ѧܧا ާ֧ڧݧ, ӧݧڧߧڧ ٧ѧܧڧ ߧ EBITDA ҧէ֧ ٧ѧӧڧ֧ ҧߧ SJM ѧߧڧ ڧݧ ӧ֧ݧڧڧ էݧ ߧܧ ٧ ק ߧӧ ݧ. ҧѧ٧ӧ ԧߧ٧ ֧էݧѧԧѧ֧, ֧ ٧ѧܧڧ ҧէ ܧާ֧ߧڧӧѧߧ էէ ҧӧ֧ߧߧ ҧ֧ܧ.
٧ާاߧ ڧ٧ާ֧ߧ֧ߧڧ ߧ ߧܧ
էѧߧߧ Morgan Stanley, ѧ֧ݧݧڧߧ ܧѧ٧ڧߧ ѧӧݧ֧ߧڧ֧ SJM ڧߧ֧ݧ I ܧӧѧѧݧ 2025 ԧէ ܧݧ 2,8 ާݧ ԧߧܧߧԧܧڧ էݧݧѧ (ڧާ֧ߧ 356,7 ާݧ էݧݧѧ ) ӧѧݧӧԧ էէ ѧ٧ѧߧ ڧԧ, ѧӧݧ֧ 5% ҧ֧ԧ ܧѧ٧ѧ֧ݧ ѧܧѧ. ѧߧ ֧էݧѧԧѧ֧, էէ ާԧ ֧֧ѧ֧է֧ݧڧ ݧ٧ էԧڧ ܧѧ٧ڧߧ ߧ ݧӧ, ѧܧڧ ܧѧ MGM Macau, StarWorld Hotel, ѧܧا ҧӧ֧ߧߧ ҧ֧ܧ SJM Grand Lisboa Lisboa.
