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Furui: Latest rating and target price for electric power stocks (table) still positive view.
For the second half of the year, Furuiru favors hydropower, coal-fired power, wind power, and photovoltaic shares in sequence.
Macau Gaming Revenue Rises 15% in August
SJM Holdings (HKG:880) Takes On Some Risk With Its Use Of Debt
CICC: It is expected that the total revenue of Macau's gaming industry in September can reach 17.3-18.3 billion Macau dollars. mgm china (02282) is the preferred choice.
Zhongjin predicts that the total gambling revenue in Macau in September is expected to reach 173-188 billion Macanese patacas.
Express News | Macau Says August Gambling Revenue up 14.8 Pct From a Year Earlier to 19.8 Bln Patacas
CICC: Maintains a neutral rating on SJM Holdings, with a target price of HK$3.
CICC's research report stated that it maintains a 'neutral' rating on sjm holdings (00880), but based on the downward shift in industry valuation, the target price is lowered by 9% to 3 Hong Kong dollars. The company's net income in the first half of the year reached 6.881 billion yuan, a 28% year-on-year increase, recovering to 82% of the level in the second quarter of 2019. The company's adjusted EBITDA is 0.871 billion yuan, a 103% year-on-year increase, recovering to 87% of the level in the second quarter of 2019, in line with the market's consistent expectation of 0.863 billion yuan. The bank believes that the performance of sjm holdings is mainly driven by the release of the Grand Lisboa Resort properties, which has increased its market share in the gambling revenue market.
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