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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.
Lyon: Raised target price of sjm holdings to 3.5 Hong Kong dollars. Prefer mgm china (02282) and Sands China.
Lion published a research report stating that the current valuation of the Macau casino industry is about 10.3 times the forecast enterprise value-to-EBITDA ratio for 2024, lower than the average level of 14.2 times. Considering the improved market sentiment, the target prices of the six major gaming companies have been raised. SJM Holdings (00880) rating has been upgraded from "hold" to "outperform the market", with the target price increased from 2.4 Hong Kong dollars to 3.5 Hong Kong dollars. MGM China (02282) and Sands China (01928) are the top stock picks, with target prices raised to 15.6 Hong Kong dollars and 25.1 Hong Kong dollars respectively, both receiving an "outperform the market" rating. Silver
[Hong Kong Stock Connect] Wynn Macau (01128) rose by 4.79%. The parent company has obtained the first commercial gambling operator license issued by the gambling regulatory institutions in the United Arab Emirates.
King of Finance News | Wynn Macau (01128) stock price is improving, as of the time of publication, it is trading at HKD 7.44, up by 4.79%, with a trading volume of 0.324 billion Hong Kong dollars. In terms of news, the parent company of Wynn Macau, wynn resorts, announced that it has received the first commercial gambling operator license issued by the gambling regulatory institution of the United Arab Emirates.
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