Lion: Predicts a 10% quarterly decline in Ebitda for Macau's third-quarter gambling industry. Preferred mgm china and Sands China.

Lyon's report states that Macau gambling stocks will start announcing third-quarter earnings at the end of October. Due to a 1.5% quarterly decline in Macau's gambling revenue and ongoing pressure on profit margins, the industry's Ebitda is forecasted to fall by 10% to $1.748 billion. The report indicates that due to the downward revision of profit margin forecasts, the bank will adjust the industry's 2024 to 2025 Ebitda forecasts by 1% to 3%. However, after the recent announcement of economic stimulus measures in the mainland, the bank expects a focus on recent operational updates rather than third-quarter earnings. Additionally, due to concerns over profit margin contraction being offset by an increase in market share, Lyon's

Gelonghui FinanceOct 10 01:12 ET

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

Sina Hong Kong stocksOct 9 03:11 ET

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.

Zhitong FinanceOct 8 03:14 ET

macau casino stocks are strong, Sands China (01928) rose by 9.51% during the National Day holiday with a strong number of visitors to Macau.

Golden Finance News | macau casino stocks show strong momentum, with Sands China (01928) up 9.51%, Galaxy Entertainment (00027) up 9.22%, Melco Int'l Dev (00200) up 6.07%, Wynn Macau (01128) up 6.48%, Melco Int'l Dev (00200) up 6.45%, SJM Holdings (00880) up 5.63%, MGM China (02282) up 4.27%. On the news front, on October 7th, the Public Security Police released the latest statistics, showing that during the first five days of the Golden Week in October, the total number of entry and exit persons in Macau exceeded 3.5 million, compared to

Jingu Finance NewsOct 7 01:10 ET

Macau casino stocks rise as wynn resorts obtains a gambling license from the United Arab Emirates.

Macau casino stocks rose, Wynn Resorts announced that the UAE gambling regulatory authority has issued the country's first commercial gambling operator license to them. This project is an important milestone for the tourism industry in the region, as various casino operators have long sought to establish resorts here to attract European, Asian, and other market tourists. MGM Resorts International last month stated that they have applied for a gambling license for a property they are constructing in Abu Dhabi. Wynn Macau's stock price surged 9.7% in early trading; Melco Int'l Dev rose 9.7%; Sands China rose 6.6%; SJM Holdings rose 5.6%; MGM China rose 2.0%.

Global market reportOct 7 00:22 ET

Express News | Hong Kong Shares Retrace Early Gains; Hang Seng Last 0.3% Higher

ReutersOct 6 21:53 ET