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Hong Kong stocks have rebounded collectively, with Sands China (01928) up more than 3% and Melco International Development (00200) up more than 2%.
Macau casino stocks have collectively rebounded. As of the time of publication, Sands China (01928) rose 3.12% to HKD 13.88; Melco International Development (00200) rose 2.85% to HKD 3.97; Galaxy Entertainment (00027) rose 2.33% to HKD 28.55.
Interpretations of the 2024 interim financial report of SenseTime (stock code: 00020): The generative AI business soared, with the total operating computation power exceeding 20,000 PetaFLOPS.
The business revenue of the generative AI increased by 256% to nearly 1.1 billion yuan, accounting for a high proportion of 60% of the total revenue, becoming the core engine driving the company's growth.
Macau casino stocks are weak across the board, with MGM China (02282) falling 2.57%. Citigroup lowered its September gambling revenue forecast.
Golden Horse Financial News | Macau casino stocks are weak across the board, with MGM China (02282) down 2.57%, Melco Int'l Dev (00200) down 2.02%, Wynn Macau (01128) down 2.01%, Sands China (01928) down 1.87%, and Galaxy Ent (00027) down 1.38%. On the news front, Citigroup's report stated that based on industry data, Macau's gambling revenue for the first 8 days of September may reach around 4.75 billion Macau patacas. The implied daily gambling revenue for this period is around 0.594 billion Macau patacas, a decrease of about 6% compared to the daily gambling revenue of around 0.635 billion Macau patacas for the last 13 days of August.
Melco International Introduces the Melco SUMMIT: The Future of Embroidery Technology
Melco Int'l Dev (00200) fell by 36.50%, now at 4.010 yuan, hitting a new 52-week low.
As of 11:46, Melco Int'l Dev (00200) fell 36.50% compared to the previous closing price, now at 4.010 yuan, hitting a 52-week low; with a volume of 0.859 million shares and a turnover of 3.4527 million Hong Kong dollars.
Hong Kong stocks surged, with Macau International Development (00200) rising nearly 3%, and Macau's gambling revenue in August increased by 14.8% year-on-year.
Macau casino stocks collectively rose. As of the time of publication, Melco Int'l Dev (00200) rose 2.91% to 4.25 Hong Kong dollars; MGM China (02282) rose 2.27% to 10.8 Hong Kong dollars; Sands China (01928) rose 2.15% to 14.22 Hong Kong dollars.
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