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<Research>Macquarie Expects Casinos to Continue Fluctuating w/ GGR Data; Top Pick GALAXY ENT
Recommend 15 Positive 31 Negative 10 |
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According to industry data, Macau's average daily GGR for the week ending May 11 was around MOP575 million, down 1% YoY, indicating a rapid return to normal levels after the holiday period, Macquarie noted in its report. While GALAXY ENT (00027.HK) delivered a strong performance during the May Day Golden Week, Melco Resorts & Entertainment (MLCO.US) maintained growth momentum even after the holidays, said Macquarie. The broker predicted casino stocks to continue fluctuating along with GGR data in the near term. Macquarie named GALAXY ENT as its top pick, citing its robust property development and ample hotel room inventory. It also forecasted that SANDS CHINA LTD (01928.HK) will gain more market share in 2Q25. Both stocks were rated as Outperform. AAStocks Financial News |
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