J.P. Morgan: Macau's gambling revenue for the first eight days of December has slowed down as expected, with GALAXY ENT being the top choice for next year.
JPMorgan released a research report stating that the top choice among Macau Casino stocks for next year is GALAXY ENT (00027), with a "Shareholding" rating and a Target Price of HKD 48, reflecting its unique profit drivers and a low enterprise value multiple (EV/EBITDA) of 9 times. After that, WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282) are also expected to perform well (these three companies share the same ranking), followed by SJM HOLDINGS (00880), and lastly, MELCO INT'L DEV (00200). The report mentioned that the gross gaming revenue for Macau for the first eight days of December was 4.5 billion Macau patacas (down...
Trump is trending towards financial deregulation, Goldman Sachs (GS.US) cheers as the merger and acquisition market welcomes Bullish news.
During the Trump era, merger and acquisition Trades are expected to increase, and Wall Street Banks are likely to benefit.
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