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花旗:澳门赌场酒店黄金周预订强劲 首选银河娱乐(00027)、金沙中国(01928)

Citi: Macau casino hotel bookings during the Golden Week are strong, with Galaxy Entertainment (00027) and Sands China (01928) being the top choices.

Zhitong Finance ·  Sep 27 05:02

Citi estimates that Galaxy Entertainment's (00027) market share will remain around 20% in 2025.

The Zhitong Finance App learned that Citibank released a research report saying that Macau Casino Hotel and Casino had strong reservation performance during the National Day Golden Week. Preferred stocks included Galaxy Entertainment (00027), with a target price of HK$62.5; and Sands China (01928), with a target price of HK$24.7.

In addition to strong bookings, many midfielders even booked earlier than during the Lunar New Year period, according to Citi. The bank quoted one of the operators as saying that it is estimated that the total gaming revenue during the National Day Golden Week holiday will average about MOP 0.9 billion per day, which will be basically in line with the performance of this year's Lunar New Year Golden Week and Labor Day holidays. The bank also remains optimistic about the demand from Macau casino midfielders.

As for the preferred stocks mentioned above, Citi said that since the Capella Hotel will open in mid-2025, it is estimated that the market share will remain around 20% in 2025. The bank is optimistic that Sands will increase its share of the midmarket in China, mainly due to the opening of its Macau Londoner Hotel.

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