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赌王逆市16亿购澳门文华
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分析员料为保留地皮日后重建! x$ P; S! G  x. m
【明报专讯】正当澳门多家博彩企业叫停或推迟在当地的发展项目之际,「赌王」何鸿燊却继续其逆市扩张的策略。他旗下的澳门旅游娱乐公司将斥资16亿元,向关连公司信德集团(0242)以及文华东方控股,收购有近24年历史的澳门文华东方酒店的全部权益。有分析员表示,是次收购作价对卖方来说是相当不俗,估计澳娱今次出手是为了保留该优质地皮供日后重建发展之用。
! z# v# Q  d  z5 l' h5 m! A文华东方昨日发新闻稿表示,它与信德集团均会把其各自持有的50%澳门文华东方酒店权益,全部出售予澳娱,总作价为16亿元,即信德及文华可各自套现8亿元,料交易可于今年5月底前完成。文华表示这交易带来的税前盈利近7亿港元。! O5 c2 N' e$ E( {/ e: g. ?+ h
信德文华各套8亿) q; P. u# z  B! c
澳门文华东方酒店开业至今约24年,为当地首间外资酒店,其建筑仍沿用葡萄牙式风格,酒店内亦附设娱乐城,现由澳娱旗下澳门博彩(0880)及集美集团共同管理。酒店共拥416间客房,即是次交易的每房作价约为380万元。瑞银亚洲房地产研究部联席主管王震宇认为这是一个相当不俗的价格:「近 400万元一间房,算是卖得很好。由于文华未来在澳门会有新酒店落成,他们把早已不符合文华品牌的旧酒店卖出,是很合理的做法。而这项目未来也很可能会再重建,所以现时由澳娱先买入,亦可增加集团在未来发展上的灵活性。」; }& @% c0 Y' j% @
另一名分析员也形容,是次16亿元的作价属「好好价」:「其EV/EBITDA(企业价值相对于除利息、税项、折旧及摊销前盈利的比率)达10倍,比香格里拉的8倍还要高,而那座酒店本身已经十分旧了!」
$ r' y. Y# p/ ?, s, C该分析员相信,是次交易原本就是东方文华先有意出售资产,但有优先购入权利的合资伙伴信德,又不欲耗用现金增持,同时又希望保留该优质地皮供日后发展,故才由澳娱出手购入,如此一来,信德可套回更多现金,如遇有卖地及其他机会,便可出手洽购。0 q1 ?3 }, J/ I9 l
澳BO向母租用私人飞机
* }9 }1 Z* A' F: f4 u; Y事实上,文华集团于新闻稿中亦有补充,若日后酒店物业被重新发展或售予第三方,令酒店土地价值有所增加,并高于是项交易协议价的话,文华和信德均有权摊分升值部分的等额权益。交易完成后,澳娱亦会与文华集团进行一短期管理安排,由文华继续管理酒店最长2年,以确保酒店运作顺利过渡。
  u. L: M& Z9 q9 b( h" U该酒店07年为文华集团作出的EBITDA贡献则为1020万美元(约7956万元)。
+ s" P, @. k, E: \7 H" m另外,澳BO(0880)昨天宣布,今、明两年将向母公司澳娱租用6架私人飞机,每年租金最高5500万元,较现有租约加租年45%,公司解释,加租是因为去年实际租用的飞机数目较今年为少。
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:) :( :D :'( :@ :o
:P :$ ;P :L :Q :lol
:loveliness: :funk: :curse: :dizzy: :shutup: :sleepy:
:hug: :victory: :time: :kiss: :handshake: :call:
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:) :( :D :'( :@ :o
:P :$ ;P :L :Q :lol
:loveliness: :funk: :curse: :dizzy: :shutup: :sleepy:
:hug: :victory: :time: :kiss: :handshake: :call:
:hug: :victory: :time: :kiss: :handshake: :call:
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