Professional
Added to YB: 2026-02-10
Pitch date: 2026-01-29
SKC.AX [neutral]
SkyCity Entertainment Group Limited
-7.69%
current return
Author Info
Company Info
SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia.
Market Cap
NZD 969.8M
Pitch Price
NZD 0.91
Price Target
1.40 (+67%)
Dividend
N/A
EV/EBITDA
8.31
P/E
22.85
EV/Sales
2.09
Sector
Hotels, Restaurants and Leisure
Category
value
Collins St Value Fund Portfolio Holding: SkyCity Entertainment Group Limited
SKC.AX (holding update): NZ/Australia casino operator outperforming Crown/Star by focusing on domestic vs risky VIP market. Recent site visits show recovering consumer demand, rising foot traffic, reduced costs strengthening outlook to 2026. Trading discount to intl peers - fair value ~$1.40. Catalysts: NZ$225M car park sale, dividend reinstatement.
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