We Think Galaxy Entertainment Group (HKG:27) Can Manage Its Debt With Ease

Simply Wall StOct 20 20:08 ET

Hong Kong stocks fluctuate | Macau casino stocks continue to fall, Q3 gambling revenue falls month-on-month and profit margins remain under pressure. Industry EBITDA may fall by 10% month-on-month.

Macau casino continued to fall, as of the deadline, wynn macau (01128) fell by 5.93%, closing at 6.35 Hong Kong dollars; sands china (01928) fell by 4.32%, closing at 19.04 Hong Kong dollars; galaxy ent (00027) fell by 3.46%, closing at 37.65 Hong Kong dollars; mgm china (02282) fell by 2.33%, closing at 10.33 Hong Kong dollars.

Zhitong FinanceOct 13 23:24 ET

Macau Elects Former Judge Wary of Casinos as Its New Leader

BNN BloombergOct 12 23:48 ET

HSBC: More bullish on Sands China (01928) among Macau gaming stocks in the third quarter of this year, believing that the industry's EBITDA will grow by 4% quarter-on-quarter in the fourth quarter.

Daiwa Securities indicated a more bullish outlook on Sands China (01928) compared to Galaxy Ent (00027). They also predict sjm holdings (00880) to rise in the third quarter.

Zhitong FinanceOct 9 01:57 ET

Hong Kong stock market anomaly | sjm holdings (00880) rose more than 5%, leading the macau casino stocks. Visits to Macau by mainland tourists during the Golden Week exceeded expectations, with October gaming revenue expected to increase by more than 10%

Macau casino stocks rebounded in early trading. As of the time of publication, SJM Holdings (00880) rose by 5.14%, to 3.07 Hong Kong dollars; Galaxy Ent (00027) rose by 3.82%, to 39.45 Hong Kong dollars; Wynn Macau (01128) rose by 3.76%, to 6.9 Hong Kong dollars; Melco Int'l Dev (00200) rose by 3.33%, to 5.27 Hong Kong dollars.

Zhitong FinanceOct 8 21:50 ET

Morgan Stanley: Latest rating and target price of Macau casino stocks (table) First choice galaxy ent (00027)

Morgan Stanley expects gambling revenue in October to reach as high as 21.5 billion to 22.8 billion Macau patacas, driven by the National Day gold market and mainland stock market.

Zhitong FinanceOct 8 03:14 ET