Hong Kong stocks fluctuate | Macau casino stocks continue to fall, Q3 gambling revenue falls month-on-month and profit margins remain under pressure. Industry EBITDA may fall by 10% month-on-month.

Macau casino continued to fall, as of the deadline, wynn macau (01128) fell by 5.93%, closing at 6.35 Hong Kong dollars; sands china (01928) fell by 4.32%, closing at 19.04 Hong Kong dollars; galaxy ent (00027) fell by 3.46%, closing at 37.65 Hong Kong dollars; mgm china (02282) fell by 2.33%, closing at 10.33 Hong Kong dollars.

Zhitong FinanceOct 13 23:24 ET

Macau Elects Former Judge Wary of Casinos as Its New Leader

BNN BloombergOct 12 23:48 ET

MGM China Holdings Limited's (HKG:2282) Last Week's 8.5% Decline Must Have Disappointed Public Companies Who Have a Significant Stake

Simply Wall StOct 12 21:15 ET

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

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.

Zhitong FinanceOct 9 01:57 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