J.P. Morgan: Forecasts that Macau's gambling revenue in February will be between 18.3 billion to 19.4 billion Macanese Patacas. Recommends GALAXY ENT and others.

JPMorgan released a Research Report predicting that Macau's gambling revenue in February will be between 18.3 billion and 19.4 billion Macau patacas, with a year-on-year decline of 1% to an increase of 5%. The bank believes that the annual gambling revenue this year may only achieve low single-digit growth, currently forecasting a year-on-year increase of 2%. It continues to list GALAXY ENT (00027) as the industry preference. The Research Report noted that the gambling revenue for the first 16 days of February reached 11.9 billion Macau patacas, with an average daily revenue of 0.743 billion Macau patacas, indicating that last week's average daily gambling income decreased to 0.642 billion Macau patacas, recovering from 0.725 billion Macau patacas during the Lunar New Year to a more normal level, in line with expectations. Considering the data from January, the beginning of this year...

Sina Hong Kong stocks03:07 ET

Macquarie: It is expected that the total gambling revenue in February will be between 18.5 billion to 19.3 billion patacas. The preferred choice in the industry is GALAXY ENT.

Macquarie has released a Research Report stating a "Outperform Market" rating for GALAXY ENT (00027) and SANDS CHINA LTD (01928), with Target Prices set at HKD 48.8 and HKD 25.8 respectively. Currently, Macquarie's industry preference is for GALAXY ENT, and the attractiveness of SANDS is gradually improving as the impact of renovations diminishes. The firm analyzed the Macau Gambling market using third-party data and expects total gambling revenue in February to be between 18.5 billion and 19.3 billion patacas, implying a year-on-year decline of 1%-3% in gambling revenue for the first two months. The Macquarie Research Report indicates that third-party data shows the average daily gambling revenue in Macau last week was 7.

Sina Hong Kong Stock03:02 ET

Macquarie estimates that total Gambling revenue in February will be between 18.5 billion and 19.3 billion Macau patacas, with GALAXY ENT (00027) being the industry preferred choice.

Give GALAXY ENT (00027) and SANDS CHINA LTD (01928) a "Outperform the Market" rating, with Target Prices of HKD 48.8 and HKD 25.8 respectively.

Zhitong Finance01:14 ET

MGM CHINA (02282) rose 4.43%, leading the Macau Casino sector. Morgan Stanley indicates that Macau Casino stocks have been over-corrected.

King Wu Financial News | MGM CHINA (02282) reported a 27.15% year-on-year increase in total revenue, driving the stock price up by 4.43%, leading the Macau Casino sector. Additionally, MELCO INT'L DEV (00200) rose by 3.38%, Sands China (01928) increased by 3.65%, SJM HOLDINGS (00880) went up by 3.43%, GALAXY ENT (00027) added 2.44%, and WYNN MACAU (01128) climbed by 1.95%. JPMorgan stated that it believes the Macau Casino stocks have been excessively corrected (down 12% year-to-date while the Hang Seng Index has risen by 6%), but before the market expectations are fully reset, establish.

Jinwu Financial NewsFeb 12 20:40 ET

【Hong Kong Stock Connect】Sands China (01928) rose over 3% in early trading, considering the distribution of the final dividend next week. Morgan Stanley expects the group to outperform the market in the next 60 days.

Jinwu Financial News | Sands China (01928) saw its stock price rise in early trading, with a gain of 3.04% to HK$16.96 as of the time of reporting, with a trading volume of HK$61.8469 million. Morgan Stanley's report stated that it believes Sands China has over an 80% chance of outperforming the market in the next 60 days, with a Target Price of HK$21.5 and a rating of "Shareholding". The report indicates that the stock has recently been sold off, making its short-term valuation more attractive. Sands China recently announced the date for the Board of Directors meeting, marking the first use of the term "considering a proposal for the final dividend" since April 2020. Before the COVID-19 pandemic, similar announcements from Sands China typically included similar wording, but that is not the case thereafter.

Jingwu Financial NewsFeb 12 20:37 ET

Major bank ratings | JPMorgan: Macau Casino stocks have been overly corrected, continuing to prefer GALAXY ENT and MGM CHINA.

J.P. Morgan stated that Sands China will hold a Board of Directors meeting next Friday (February 21) to consider a dividend proposal, which is the first in five years. The timing of the potential dividend is earlier than the bank's current forecast, so it can be seen as a slight Bullish signal. However, the bank does not have high expectations for significant dividends this year, expecting the first round of dividends to be cautious at HKD 0.25 per share every six months (or HKD 0.5 for the entire year of 2025), which means a yield of over 3% at the current level; although better than nothing, it may not have a significant impact on stock prices. The bank believes that Macau Casino stocks have been excessively corrected (down 12% year-to-date.

Gelonghui FinanceFeb 12 02:19 ET