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Hong Kong stocks anomaly | Macau casino stocks rebound in early trading. In October, Macau's inbound tourists increased by 13.7% year-on-year, with a significant increase in international tourists.
Macau casino stocks warmed up in the morning session. As of the time of reporting, Sands China (01928) rose 4.26% to HKD 19.58; Melco Int'l Dev (00200) rose 2.43% to HKD 4.64; SJM Holdings (00880) rose 2.33% to HKD 2.64; Galaxy Ent (00027) rose 1.86% to HKD 32.9.
Goldman Sachs: Maintains a "buy" rating on Galaxy Ent with a target price of HKD 54.2.
Goldman Sachs released a research report stating that it maintains a "buy" rating for Galaxy Ent (00027) with a target price of 54.2 Hong Kong dollars. The company aims to increase its market share and hopes that government policies can further break through to promote the development of Hengqin. At the same time, if Thailand passes the IR bill in mid-next year as scheduled, the group intends to bid for a Thai gambling license. Goldman Sachs noted that Galaxy Ent, like other Macau gaming stocks weighed down by various concerns, is trying to attract more high-end quality players, but its share price has fallen about 20% in the past six months. According to the bank's estimates, based on the development momentum from October to November, Galaxy Ent's gambling revenue and
HK Stock Market News | galaxy ent (00027) rose nearly 3%, the group is interested in bidding for Thai gambling licenses, goldman sachs further raises its EBITDA market share.
Galaxy Ent (00027) rose nearly 3%, as of the time of publication, rose 2.12%, to 33.7 Hong Kong dollars, with a turnover of 89.1033 million Hong Kong dollars.
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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.
Macau casino stocks fell today, as of the time of publication, Sands China (01928) fell by 5.11%, closing at HK$19.5; Galaxy Ent (00027) fell by 4.17%, closing at HK$34.45; mgm china (02282) fell by 4%, closing at HK$9.59; wynn macau (01128) fell by 4.06%, closing at HK$5.67.