摩根士丹利则表示，预期澳门博彩企业第三季物业EBITDA按季跌8%至17.1亿美元(而第三季赌收仅按季跌1%)，逊预期，相对于第二季跌3%；恢复至2019年第三季的79%水平。该行估计，澳门博彩企业今明两年的EBITDA将出现更多负修正。Macau casino stocks continued to fall. As of the time of publication, Wynn Macau (01128) fell by 5.93%, closing at HK$6.35; Sands China (01928) fell by 4.32%, closing at HK$19.04; Galaxy Ent (00027) fell by 3.46%, closing at HK$37.65; MGM China (02282) fell by 2.33%, closing at HK$10.33.
According to the Securities Times app, Macau casino stocks continued to decline. As of the time of publication, Wynn Macau (01128) fell by 5.93%, closing at HK$6.35; Sands China (01928) fell by 4.32%, closing at HK$19.04; Galaxy Ent (00027) fell by 3.46%, closing at HK$37.65; MGM China (02282) fell by 2.33%, closing at HK$10.33.
Lyon released research reports stating that Macau casino stocks will begin to announce third-quarter earnings at the end of October. Due to a 1.5% sequential decrease in Macau's third-quarter gambling revenue, coupled with continued pressure on profit margins, the industry is forecasted to see a 10% quarter-on-quarter decline in EBITDA to $1.748 billion. The report indicates that due to the profit margin forecast downgrade, the bank will lower the industry's 2024 to 2025 EBITDA forecast by between 1% and 3%. However, following the recent announcement of economic stimulus measures in the mainland, the bank expects earnings conferences to focus on recent operational updates rather than third-quarter performance.
Morgan Stanley, on the other hand, has stated that it expects Macau casino property EBITDA to drop by 8% to $1.71 billion in the third quarter (compared to a mere 1% drop in gambling revenues for the quarter), falling short of expectations and down 3% relative to the second quarter; recovering to 79% of the levels seen in the third quarter of 2019. The bank estimates that Macau casino enterprise EBITDA for the next two years will undergo further negative revisions.
