Macau Casinos Prep for Strong Chinese New Year Traffic

Seeking AlphaJan 22 06:57 ET

Major banks rating | Goldman Sachs: Holds a positive view on the Macau Gambling Industry, with a more favorable outlook for the 2025 fiscal year.

Goldman Sachs released a research report indicating that the stock prices of the Macau gaming industry fell by an average of 7% over the past month, similar to the performance of other travel industry shares, with Sands China experiencing the largest decline, which totaled 15%. This is also consistent with Sands' weaker market share performance compared to expectations in December last year.

Gelonghui FinanceJan 20 23:31 ET

Goldman Sachs: The performance of the Macau Gambling industry has begun, and a brief adjustment in industry revenue is expected for the last quarter.

Goldman Sachs maintains a constructive outlook on Macau Casino stocks, continuing to favor Silver Entertainment.

Zhitong FinanceJan 20 03:55 ET

Hong Kong stocks in active movement | Macau Casino stocks saw an increase in profits in the afternoon. Macau is expected to see tourist numbers close to 2019 levels this year, with gaming revenue for the first two months possibly increasing by 4% year-on-

The Macau Casino stocks gained more in the afternoon. As of the time of this report, WYNN MACAU (01128) rose by 4.42%, trading at HKD 5.67; SANDS CHINA (01928) increased by 4.35%, trading at HKD 18.72; MGM CHINA (02282) went up by 3.65%, trading at HKD 10.8; MELCO INT'L DEV (00200) climbed by 3.34%, trading at HKD 4.33.

Zhitong FinanceJan 20 00:38 ET

【Special Contributor】Deng Shengxing: Trump is inaugurated as the president of the USA today. The market is cautious and has not made any rash moves, with volatile performance in the Hong Kong stock market.

Jinguo Financial News | The Hang Seng Index closed at 19,584 on Friday (17th), up 61 points or 0.3%. The total market turnover was 122.2 billion yuan for the day. The National Index rose 10 points to 7,108; the Technology Index increased by 1.4% to 4,479. The best-performing blue chips this week were SMIC (00981), JD.com (09618), and Hongqiao (01378), which increased by 22%, 12.1%, and 10.8% respectively; the three worst performers were Sands (01928), New Oriental (09901), and GALAXY ENT (00027), which fell by 6.1%, 5.7%, and 4% respectively. The Dow Jones index on Friday (17th...

Jingwu Financial NewsJan 19 20:36 ET

JPMorgan: Among Macau Casino stocks, first focus on GALAXY ENT for individual stock alpha investment opportunities.

JPMorgan released a research report stating that it has lowered the Target Price for SJM HOLDINGS (00880) and MELCO INT'L DEV (00200) to HKD 2.5 and HKD 4.1 respectively, with ratings of "Neutral" and "Shareholding". The bank also reduced the Target Prices for WYNN MACAU and Sands China to HKD 7.5 and HKD 21.5 respectively, maintaining a "Shareholding" rating. The report indicated that last year's fourth-quarter gambling revenue performance in Macau was the best in 20 consecutive quarters, and the current Industry valuation is low, approximately nine times the average EBITDA, thus paying attention to individual stock alpha investment opportunities, continuing to list GALAXY ENT (00027) as the preferred stock.

Sina Hong Kong StocksJan 16 04:37 ET