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Live Stock News: Short Week with a Slow Start
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.
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