Hong Kong Stock Concept Tracking | Macao's lucky Gambling gross revenue growth in February, Institutions are Bullish on the Sector being undervalued compared to historical averages (with Concept stocks attached).

On March 1st, according to data from the Macao Gambling Inspection and Coordination Bureau, the gross revenue of lucky gambling in Macao for February was 19.74 billion Macanese patacas, an increase of 6.8% year-on-year.

Zhitong FinanceMar 3 01:13 ET

Macquarie: Upgrades GALAXY ENT (00027) to "Outperform the Market" rating and raises the Target Price to HKD 50.1.

The Galaxy Macau is undergoing renovation, replacing existing gaming tables with live electronic gaming tables, which is expected to boost the average daily revenue per table from the current daily 0.09 million Macanese patacas.

Zhitong FinanceMar 2 20:45 ET

Is Galaxy Entertainment Group Limited (HKG:27) Trading At A 49% Discount?

Simply Wall StMar 1 20:02 ET

In February, the gross income from Gambling in Macau was 19.74 billion Macanese Patacas, an increase of 6.8% year-on-year.

From January to February, the gross income from lucky Gambling in Macau was 38 billion Macau patacas, an increase of 0.5% year-on-year.

Zhitong FinanceMar 1 00:34 ET

Express News | Macau Says February Gambling Revenue up 6.8 Pct From a Year Earlier to 19.7 Bln Patacas

ReutersFeb 28 23:45 ET

J.P. Morgan: Maintains the Shareholding rating for GALAXY ENT (00027) and lowers the Target Price to HKD 46.

The bank still regards GALAXY ENT as one of the preferred stocks in the gaming Sector, mainly due to its low valuation and the best growth product line in the medium term.

Zhitong FinanceFeb 27 22:45 ET