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Zhongjin: Expected to see a 17% year-on-year increase in total gambling revenue in Macau this quarter, and MGM China remains the preferred choice.
According to a research report released by CICC, the total gaming revenue of the Macau gaming industry in the third quarter is expected to increase 2% quarterly and 17% year-on-year. The full-year industry EBITDA forecast was lowered by 3%, and the industry EBITDA forecast for next year was raised by 1%. It is expected to return to 90% and 106% of 2019 levels, respectively. The target price for Sands China (01928) was lowered from 32 yuan to 26.8 yuan, based on the Londoner Phase II renovation project or impact on profits. The “outperforming industry” rating for MGM China (02282) was reaffirmed. The latest rankings were MGM China, Galaxy Entertainment (00027), and Melco Entertainment (
Morgan Stanley: Gambling revenue in the second week of July in Macau improved by 15% weekly, with MGM China as the first choice.
According to a research report released by Morgan Stanley, the preference order for Macau casino stocks remains unchanged, with MGM China (02282), Wynn Macau (01128), Sands China (01928), Galaxy Entertainment (00027), SJM Holdings (00880), and Melco Resorts and Entertainment (MLCO.US). The bank pointed out that the casino revenue for the first 14 days of July in Macau was 8.3 billion Macau Patacas (MOP) or 0.593 billion MOP per day. The average daily casino revenue in the second week increased by 15% to 0.635 billion MOP per day due to the gradually increasing summer holiday demand. The bank also mentioned that the European Cup had an impact on Macau in a week of Hong Kong time.
Shareholders in SJM Holdings (HKG:880) Have Lost 70%, as Stock Drops 3.8% This Past Week
Long term investing is the way to go, but that doesn't mean you should hold every stock forever. We don't wish catastrophic capital loss on anyone. Imagine if you held SJM Holdings Limited (HKG:880)
Macao's June Gross Gaming Revenue Lower Than Expected, Macquarie Says
Macao's gross gaming revenue hit 17.7 billion Macanese pataca in June, down 12% sequentially and 26% lower from the comparable 2019 period, Macquarie said in a note published on Tuesday.
SJM Holdings (00880.HK) received a shareholding of 0.22 million shares from Executive Director Ho Chiu Fung.
According to the latest equity disclosure information from the Stock Exchange, on July 2, 2024, SJM Holdings (00880.HK), executive director Ho Chiu Fung acquired 0.22 million shares at an average on-market price of HKD 2.615 per share, with a total investment of approximately HKD 0.5753 million. After this shareholding, Ho Chiu Fung's latest shareholding is 37.09312 million shares, and the shareholding ratio is 0.52%.
Macau casino stocks fall, Sands China (01928) fell 3.18%, Deutsche Bank expects EBITDA growth in the second quarter of the gambling industry to slow down.
Jinwu Financial News | Macau casino stocks fall, Sands China (01928) down 3.18%, Galaxy Entertainment (00027) down 2.33%, Wynn Macau (01128) down 2.33%, Melco Int'l Dev (00200) down 2.07%, MGM China (02282) down 1.71%, SJM Holdings (00880) down 1.14%.
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