No Data
Macquarie: Downgrades Macau third-quarter gambling industry gambling revenue and EBITDA forecasts prefer Galaxy Entertainment.
Macquarie released a report stating that due to reduced overall promotional activities and macroeconomic demand impacts, the third-quarter gambling revenue and gambling industry EBITDA forecasts for Macau have been lowered by 5% and 8% respectively. The bank expects market share for SJM Holdings (00880), Wynn Macau (01128), and Sands China (01928) to increase quarter by quarter in the third quarter, while MGM China (02282), Galaxy Ent (00027), and Melco Resorts and Entertainment (MLCO.US) are expected to experience declines. The bank also indicated that Macau's retail industry will continue to face challenges in the third quarter, but foot traffic and retail sentiment are
Macau Elects Former Judge Wary of Casinos as Its New Leader
Daiwa: Bullish on Sands China among Macau gambling stocks in the third quarter this year, believing that industry EBITDA will increase by 4% on a quarterly basis in the fourth quarter.
Morgan Stanley's research report states that Macau gambling stocks have risen by 51% in the past month, leading to a revaluation and multiple rebound to early-year levels. Since October, the number of visitors to Macau has been strong, bringing positive prospects to the industry. However, the consistent downward revision of EBITDA for 2024/2025 is still negative. Morgan Stanley believes that compared to Galaxy Ent (00027), they are more bullish on Sands China (01928). They also expect SJM Holdings (00880) to rise in the third quarter. The bank predicts that Macau's gaming industry EBITDA in the fourth quarter will increase by 4% from the previous quarter. Galaxy Ent's EBITDA will in the fourth quarter and
HSBC: More bullish on Sands China (01928) among Macau gaming stocks in the third quarter of this year, believing that the industry's EBITDA will grow by 4% quarter-on-quarter in the fourth quarter.
Daiwa Securities indicated a more bullish outlook on Sands China (01928) compared to Galaxy Ent (00027). They also predict sjm holdings (00880) to rise in the third quarter.
Hong Kong stock market anomaly | sjm holdings (00880) rose more than 5%, leading the macau casino stocks. Visits to Macau by mainland tourists during the Golden Week exceeded expectations, with October gaming revenue expected to increase by more than 10%
Macau casino stocks rebounded in early trading. As of the time of publication, SJM Holdings (00880) rose by 5.14%, to 3.07 Hong Kong dollars; Galaxy Ent (00027) rose by 3.82%, to 39.45 Hong Kong dollars; Wynn Macau (01128) rose by 3.76%, to 6.9 Hong Kong dollars; Melco Int'l Dev (00200) rose by 3.33%, to 5.27 Hong Kong dollars.
Morgan Stanley: Latest rating and target price of Macau casino stocks (table) First choice galaxy ent (00027)
Morgan Stanley expects gambling revenue in October to reach as high as 21.5 billion to 22.8 billion Macau patacas, driven by the National Day gold market and mainland stock market.
No Data
No Data
