Macau Casino Revenue Is Improving, but the U.S. Election Results Have Clouded the Investor Outlook

Seeking AlphaNov 19 13:44 ET

Right For Malaysia's Energy Transition To Include Nuclear

Business TodayNov 19 04:15 ET

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.

Zhitong FinanceNov 12 01:57 ET

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.

Zhitong FinanceNov 12 01:39 ET

Hong Kong stock abnormal | Sands China (01928) fell nearly 3% intraday, institutions pointed out that the peak of the negative impact of the renovation project by Londoners is approaching.

Sands China (01928) fell nearly 3% during the day, as of the time of publication, it dropped by 2.88%, at 20.2 Hong Kong dollars, with a turnover of 0.123 billion Hong Kong dollars.

Zhitong FinanceNov 10 21:58 ET

[Brokerage Focus] Soochow Securities (Hong Kong) maintains a "buy" rating on Sands China (01928), indicating that the peak of the negative impact of the London renovation project is approaching.

King's Financial News | Soochow Securities (Hong Kong) issued research reports, stating that Sands China (01928) achieved a total gambling revenue of 1.68 billion US dollars in 3Q24, recovering to 82.6% of the same period in 19. Among them, VIP/mass market (including slot machines) achieved gambling revenue of 0.18/1.5 billion US dollars, respectively recovering to 40.4%/94.2% of the same period in 19 (referring to the data from the gaming bureau, the industry VIP/mass market (including slot machines) recovered to 42.1%/107.1% of the same period in 19.) The bank stated that the company's net income in 3Q24 reached 1.77 billion US dollars, slightly exceeding the market expectation of 17.

Golden Guardian Financial NewsNov 10 21:30 ET