No Data
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...
SJM Holdings (HKG:880) Adds HK$710m to Market Cap in the Past 7 Days, Though Investors From Five Years Ago Are Still Down 70%
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.
Lyon: Macau's total Gambling revenue in January was lower than expected. The industry's preferred choices are Sands China and GALAXY ENT.
Lyon released a research report stating that Macau's total Gambling revenue in January this year reached 18.3 billion patacas, which is 6% lower than expected and shows unsatisfactory performance. Additionally, during the period from January 29 to 31, Macau averaged only 0.1506 million visitors per day, indicating low visitor numbers. Although Lyon's forecast for Macau's total Gambling revenue this year is still 2% lower than the general market expectations, the bank believes that as Consumer confidence increases, growth will only accelerate, with this situation expected to occur by 2026. The bank has lowered its profit forecast for GALAXY ENT (00027) and simultaneously reduced its Target Price for H shares from HKD 46.5.
Lyon: Macau's total gambling revenue in January was below expectations. The industry prefers Sands China (01928) and GALAXY ENT (00027).
Lyon expects that the EBITDA for Silver Entertainment, WYNN MACAU (01128), Melco Resorts and Entertainment (MLCO.US), MGM CHINA (02282), and SJM HOLDINGS (00880) will increase by 3% quarter-on-quarter in the fourth quarter of 2024.
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.
