SkyCity Entertainment Group Ltd
SKC: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$7.10 | Xhdvwd | Grnrmnyw |
Domestic Tourists Prop Up SkyCity's Fiscal 2022 Earnings Outlook, Albeit Less Than Expected
We maintain our NZD 3.80 (AUD 3.50) fair value estimate for shares in SkyCity following a trading update. The firm is eyeing improved conditions in domestic venues as New Zealand coronavirus restrictions are relaxed and international tourists return. Consequently, SkyCity management expects a full-year fiscal 2022 EBITDA of between NZD 135 million and NZD 140 million.