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港股异动 | 博彩股今日普跌 11月博彩收入或环比显著下跌 大行称零售依然疲弱

HK stocks fluctuate | Macau casino stocks generally fell today. Gambling revenue in November may significantly decline month-on-month. Large institutions say retail remains weak.

Zhitong Finance ·  Nov 12 00:57

Gaming stocks generally declined today. As of press release, Sands China (01928) fell 5.11% to HK$19.5; Galaxy Entertainment (00027) fell 4.17% to HK$34.45; MGM China (02282) fell 4% to HK$9.59; and Wynn Macau (01128) fell 4.06% to HK$5.67.

The Zhitong Finance App learned that gaming stocks generally declined today. As of press release, Sands China (01928) fell 5.11% to HK$19.5; Galaxy Entertainment (00027) fell 4.17% to HK$34.45; MGM China (02282) fell 4% to HK$9.59; and Wynn Macau (01128) fell 4.06% to HK$5.67.

According to a research report released by Macquarie, according to third-party data, it is estimated that Macau's gaming revenue in November reached 16.9 billion to MOP 17.9 billion, which is equivalent to a year-on-year increase of 5% to 12%, and a year-on-month decrease of 14% to 19%. According to the bank, the November trend in gaming revenue weakened due to seasonal factors, and the recovery of inbound visitors was in line with expectations. As of November 10, it had reached more than 30 million, reaching 91% of the Macao Government's annual target, but retail sales were still weak. Total tourist expenses in the third quarter fell 6% year on year to MOP 18.4 billion, and per capita shopping expenses fell 18.6% year on year, especially for visitors from the mainland.

Citi, on the other hand, said it was skeptical about the normal market share of VIP rooms. Among them, the VIP room win rate fell 15% month-on-month, and the midfield win rate fell 13% to 15% month-on-month, reflecting the higher base of the National Day Golden Week last month. The bank maintained its forecast of total gaming revenue of 18 billion yuan for November this year, which meant that the GGR average for the rest of the month was about 0.615 billion yuan. According to industry insiders, Macau's gaming revenue may reach about 5.7 billion patacas in the first 10 days of November, or an average daily gaming revenue of about 0.57 billion yuan, an increase of about 1% over the last 11 days of October 24.

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