HK stocks surged with Sands China (01928) up more than 3%, leading the gambling stocks. Morgan Stanley predicts that Macau's June gambling revenue will be between 17.5 billion and 18 billion Macau patacas.

According to the Zhītōng Finance APP, macau casino stocks continued to rise, as of press time, Sands China (01928) rose 3.07% to HKD 18.14; Galaxy Entertainment (00027) rose 2.47% to HKD 39.45; SJM Holdings (00880) rose 2.19% to HKD 2.8; Wynn Macau (01128) rose 1.48% to HKD 6.87. On the news side, it was reported that the director of the Macao Tourism Bureau, Maria Helena de Senna Fernandes, revealed that the number of visitors and consumer data show that the willingness of visitors to visit and consume in Macao continues to rise. It is indicated that temporary data as of May this year show that inbound

Zhitong FinanceJun 19 02:04 ET

Goldman Sachs predicts that the total revenue of the Macau gambling industry in June will remain unchanged at MOP 17.5 billion to MOP 18 billion. MGM China (02282) and Wynn Macau (01128) are the preferred choices in the industry.

According to the research report released by Goldman Sachs, the preference order for macau casino stocks is mgm china (02282) and wynn macau (01128), with target prices of HK$18.5 and HK$11 respectively, both rated as "shareholding", followed by sands china (01928), with a target price of HK$26 and also rated as "shareholding". Then there is galaxy ent (00027), rated "neutral" with a target price of HK$43, followed by sjm holdings (00880), with a target price of HK$3.3 and rated as "neutral", and finally melco int'l dev (00200).

Zhitong FinanceJun 18 22:31 ET

Macau Gaming Industry Association: Raising the threshold for free snacks will help control costs and have little impact on the revenue of gaming companies.

According to Song Weijie, the chairman of the Macau Gaming Association, raising the threshold for free snacks at casinos may have an impact on the revenue of the casino companies, but it is not expected to be significant.

Zhitong FinanceJun 17 02:12 ET

In the first ten days of June, the gambling revenue reached 6.5 billion Macau dollars. MGM China (02282) and Wynn Macau (01128) are preferred options according to Goldman Sachs.

JPMorgan released a research report stating that the adjusted total gambling income (GGR) for the first 10 days of June in Macau was 6.5 billion yuan per day, with a total GGR of 65 billion yuan (MOP equivalent), equivalent to the daily income in May. This level is better than normal due to the two weekends and the Dragon Boat Festival holiday covered during this period. It is believed that the gambling revenue data for this month will be strong, maintaining the forecast of 18 billion yuan in gambling revenue for June. The bank's top picks are MGM China (02282) and Wynn Macau (01128), followed by Sands China (01928), and Galaxy Entertainment (00027).

Zhitong FinanceJun 12 21:38 ET

[Broker Focus] Citic Sec believes that the Dragon Boat Festival holiday passenger flow met expectations and is bullish on the resilience of experiential consumer demand and entertainment consumer demand.

Jinwu News | Citic Securities stated that the passenger flow during the Dragon Boat Festival holiday met expectations. It is expected that the domestic travel and total travel expenses during the holiday will increase by 6.3% and 8.1% year-on-year, respectively. Per capita consumption has recovered to 90% of the same period before the epidemic, and passenger flow continues to steadily increase. Although the unit price has improved year-on-year, it is still not as good as the same period in 2019. In terms of structure, short-distance and surrounding tours account for a high proportion, and outbound passenger flow continues to increase. The trend of downgrading tourism still exists, and the growth in third- and fourth-tier cities is impressive. Under the current consumption cycle in China, experiential consumption demand has just started to be released, and leisure travel has become an essential demand for residents' good lives.

金吾財訊Jun 12 01:39 ET

Private Companies Account for 38% of Galaxy Entertainment Group Limited's (HKG:27) Ownership, While Institutions Account for 34%

Key Insights Galaxy Entertainment Group's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 5 investors have a

Simply Wall StJun 11 23:54 ET