J.P. Morgan: Forecasts that Macau's gambling revenue in February will be between 18.3 billion to 19.4 billion Macanese Patacas. Recommends GALAXY ENT and others.

JPMorgan released a Research Report predicting that Macau's gambling revenue in February will be between 18.3 billion and 19.4 billion Macau patacas, with a year-on-year decline of 1% to an increase of 5%. The bank believes that the annual gambling revenue this year may only achieve low single-digit growth, currently forecasting a year-on-year increase of 2%. It continues to list GALAXY ENT (00027) as the industry preference. The Research Report noted that the gambling revenue for the first 16 days of February reached 11.9 billion Macau patacas, with an average daily revenue of 0.743 billion Macau patacas, indicating that last week's average daily gambling income decreased to 0.642 billion Macau patacas, recovering from 0.725 billion Macau patacas during the Lunar New Year to a more normal level, in line with expectations. Considering the data from January, the beginning of this year...

Sina Hong Kong stocks03:07 ET

Macquarie estimates that total Gambling revenue in February will be between 18.5 billion and 19.3 billion Macau patacas, with GALAXY ENT (00027) being the industry preferred choice.

Give GALAXY ENT (00027) and SANDS CHINA LTD (01928) a "Outperform the Market" rating, with Target Prices of HKD 48.8 and HKD 25.8 respectively.

Zhitong Finance01:14 ET

MGM CHINA (02282) rose 4.43%, leading the Macau Casino sector. Morgan Stanley indicates that Macau Casino stocks have been over-corrected.

King Wu Financial News | MGM CHINA (02282) reported a 27.15% year-on-year increase in total revenue, driving the stock price up by 4.43%, leading the Macau Casino sector. Additionally, MELCO INT'L DEV (00200) rose by 3.38%, Sands China (01928) increased by 3.65%, SJM HOLDINGS (00880) went up by 3.43%, GALAXY ENT (00027) added 2.44%, and WYNN MACAU (01128) climbed by 1.95%. JPMorgan stated that it believes the Macau Casino stocks have been excessively corrected (down 12% year-to-date while the Hang Seng Index has risen by 6%), but before the market expectations are fully reset, establish.

Jinwu Financial NewsFeb 12 20:40 ET

Macau Casino stocks fell across the board, WYNN MACAU (01128) dropped by 3.44%, and in January, Macau's gaming revenue decreased by 5.6% year-on-year.

Jinwu Financial News | Macau Casino stocks are generally declining. As of this writing, WYNN MACAU (01128) is down 3.44%, MGM CHINA (02282) is down 2.82%, SJM HOLDINGS (00880) is down 2.1%, MELCO INT'L DEV (00200) is down 1.94%, and GALAXY ENT (00027) along with SANDS CHINA LTD (01928) are following suit. In news, the Macau Gaming Inspection and Coordination Bureau announced that January's gaming revenue was 18.254 billion patacas, a year-on-year decrease of 5.6%, marking the second consecutive month of year-on-year decline; however, it rose by 0.29% compared to the previous month. Morgan Stanley released a Research Reports.

King Wu Financial NewsFeb 4 00:31 ET

Hong Kong stocks fluctuate | Macau Casino continue to decline, MGM CHINA (02282) falls nearly 4%, and January gaming revenue in Macau falls short of expectations.

Macau Casino stocks continue to decline. As of the time of writing, MGM CHINA (02282) is down 3.76%, priced at 10.24 HKD; WYNN MACAU (01128) is down 3.44%, priced at 5.33 HKD; SJM HOLDINGS (00880) is down 2.1%, priced at 2.33 HKD.

Zhitong FinanceFeb 3 22:25 ET

Express News | Macau Says January Gambling Revenue Down 5.6 Pct From a Year Earlier to 18.3 Bln Patacas

ReutersFeb 1 00:09 ET