No Data
Macau Casino Revenue Is Improving, but the U.S. Election Results Have Clouded the Investor Outlook
Wynn Macau (HKG:1128) Stock Falls 6.6% in Past Week as Five-year Earnings and Shareholder Returns Continue Downward Trend
HK stocks fluctuate | Macau casino stocks generally fell today. Gambling revenue in November may significantly decline month-on-month. Large institutions say retail remains weak.
Macau casino stocks fell today, as of the time of publication, Sands China (01928) fell by 5.11%, closing at HK$19.5; Galaxy Ent (00027) fell by 4.17%, closing at HK$34.45; mgm china (02282) fell by 4%, closing at HK$9.59; wynn macau (01128) fell by 4.06%, closing at HK$5.67.
Morgan Stanley: Latest rating and target price of Macau casino stocks (table). Galaxy Ent (00027) was the only market share growth in October.
Galaxy Ent (00027) saw a 4 percentage point increase in market share in October to 21%, the only Macau gaming enterprise to achieve market share growth during the period. Management attributed this to the concert held by the movie star Andy Lau during the National Day Golden Week.
Morgan Stanley: Upgrades galaxy ent to "Outperform" with a target price of HK$50.7.
Morgan Stanley released a research report stating that galaxy ent (00027) recorded a 50% year-on-year increase in mid-stage gambling revenue during the October gold period, exceeding competitors such as mgm china (02282), mgm resorts international, and wynn macau (01128). In response, the bank slightly raised the target price for galaxy ent by about 0.2%, from HK$50.6 to HK$50.7, with a rating of "outperform the market". The report pointed out that galaxy ent's total gambling revenue has recovered to 71% of the 2019 level, with VIP, mid-stage gambling, and slot machine revenues recovering to 17%, 115%, and 104% respectively. In addition, non-gambling.
Macau casino stocks rose, with Wynn Macau (01128) up 2.52%. Total consumer spending by tourists in the first three quarters increased by 8% annually. However, Goldman Sachs believes that Macau's gambling revenue growth will slow down in the future.
Kin Wu Financial News | Macau casino stocks collectively rise, Wynn Macau (01128) up by 2.52%, Paradise Ent (01180) up by 2.2%, Melco Int'l Dev (00200) up by 1.76%, Sands China (01928) up by 1.66%, MGM China (02282) up by 1.37%. According to statistics from the Macau Special Administrative Region government's Statistics and Census Service, total consumer spending by tourists in the first three quarters of 2024 increased by 8% year-on-year to 56.21 billion Macau patacas, mainly driven by a significant 30.1% growth in tourist arrivals in the first three quarters compared to the same period last year. Among these, total consumer spending by overnight tourists and non-overnight tourists
No Data
No Data
