New-Project-7

SKYCITY Entertainment Group Limited

(SKC)

NZE

Recommendation:

Buy

Share Price:

NZD

Market Cap:

$

Sky City: Attractively Priced

31 August 2022

Sky City shares were down when it released its 2022 full-year result, which came in as expected capping off another challenging year greatly impacted by last year’s lockdown. Normalised operating earnings (EBITDA) came in at $138m, while fourth-quarter gaming data showed strong recovery – with fewer operating restrictions. SKC's balance sheet remains strong against a quality portfolio of assets, with Sky City guiding 2023 operating earnings (EBITDA) to be inline with pre-covid levels ~$300m.

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Latest Research

Some Relief

New Zealand King Salmon
12 October 2023

Not Cheap enough yet

Woodside Energy Group
9 October 2023

Holding Up for Now.....

James Hardie Industries PLC
3 October 2023

Stable Earner

Spark New Zealand Limited
29 September 2023

Failed to Perform

Metro Performance Glass Limited
19 September 2023

Below NTA

Summerset Holdings Group
18 September 2023

Recommendation:

Buy

Share Price:

NZD

Market Cap:

$

Latest Research on SKC.NZE

NZ re-opening Play

SKYCITY Entertainment Group Limited
19 February 2022

Lockdown Uncertainty

SKYCITY Entertainment Group Limited
29 October 2021

Priced for a Full Recovery

SKYCITY Entertainment Group Limited
10 May 2021

Encouraging Domestic Recovery

SKYCITY Entertainment Group Limited
13 September 2020

Overly Optimistic

SKYCITY Entertainment Group Limited
7 June 2020

Downgrade to HOLD

SKYCITY Entertainment Group Limited
2 May 2020

Latest Research

Can't give them away for Free

G8 Education Limited
31 October 2023

Some Relief

New Zealand King Salmon
12 October 2023

Not Cheap enough yet

Woodside Energy Group
9 October 2023

Holding Up for Now.....

James Hardie Industries PLC
3 October 2023

Stable Earner

Spark New Zealand Limited
29 September 2023

Failed to Perform

Metro Performance Glass Limited
19 September 2023

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]