The analyst rating for SJM Holdings (00880.HK) is maintained at "Hold" by HSBC Global Research due to the following reasons: 1. Performance in Line with Expectations: The company's 3Q25 results were broadly in line with expectations, indicating stability in its financial performance. 2. Self-Operated Casinos Outperforming: The performance of self-operated casinos exceeded expectations, which is a positive sign for the company's core operations. 3. Weak Satellite Casino Results: The overall performance was offset by weaker results from satellite casinos, which have seen a decrease in market share from 5.1% to 3.9% as the company winds down this segment. 4. Potential for Market Share Recovery: A new agreement allowing SJM Holdings to directly contact satellite casino customers starting in November is expected to help recover some of the lost market share, suggesting potential for future growth. 5. Target Price and Upside Potential: HSBC has set a target price of $2.6, and if the transition of satellite casinos proceeds smoothly, there is potential for earnings upside. These factors contribute to the decision to maintain a "Hold" rating, reflecting cautious optimism about the company's future performance.

Morgan Stanley

Hold

Underweight

downgrade

$2.8

2025-11-13

Reason

Morgan Stanley

Price Target

$2.8

2025-11-13

downgrade

Hold

Underweight

Reason

The analyst rating for SJM HOLDINGS was downgraded to Underweight by Morgan Stanley due to several key factors: 1. Decline in Mass Market Share: The mass market share decreased by 110 basis points, primarily attributed to challenges from satellite casino operations. 2. High Debt Levels: The company's net debt reached $21.8 billion, resulting in a net debt to EBITDA ratio of 6.2x, which is the highest in Macau. This raises concerns about financial stability. 3. Overly Optimistic EBITDA Projections: The market's expectation for a full-year group EBITDA of $3.529 billion, which implies a 14% QoQ growth to $1.002 billion in 4Q25, was considered too high by the broker. 4. Anticipated Increase in Debt Ratio: The expected completion of the acquisition of L'Arch and Ponte 16 in 4Q25 is likely to further increase the debt ratio, adding to the financial concerns. These factors led Morgan Stanley to set a target price of $2.8 for the stock, reflecting a cautious outlook on the company's performance.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for 00880

Unlock Now

Valuation Metrics

The current forward P/E ratio for (00880.HK) is 24.19, compared to its 5-year average forward P/E of -9.20. For a more detailed relative valuation and DCF analysis to assess 's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-9.20

Current PE

24.19

Overvalued PE

56.02

Undervalued PE

-74.42

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

30.79

Current EV/EBITDA

10.26

Overvalued EV/EBITDA

100.74

Undervalued EV/EBITDA

-39.16

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

1.42

Current PS

0.60

Overvalued PS

2.75

Undervalued PS

0.08

Financials

AI Analysis

Annual

Quarterly

Whales Holding 00880

Trading Trends

People Also Watch

Frequently Asked Questions

What is (00880) stock price today?

The current price of 00880 is 2.4 USD — it has decreased -0.41

What is (00880)'s business?

What is the price predicton of 00880 Stock?

Wall Street analysts forecast 00880 stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00880 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is (00880)'s revenue for the last quarter?

revenue for the last quarter amounts to NaN USD, decreased

What is (00880)'s earnings per share (EPS) for the last quarter?

. EPS for the last quarter amounts to USD, decreased

How many employees does (00880). have?

(00880) has 0 emplpoyees as of March 03 2026.

What is (00880) market cap?

Today 00880 has the market capitalization of 0.00 USD.

00880 Overview