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<Research>HSBC Research Expects MO GGR to Be MOP20-21.2B in May, Continues to Like MGM CHINA/ GALAXY ENT
Recommend 15 Positive 33 Negative 19 |
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Macau's industry GGR for the first 11 days of May was MOP8.55 billion, or a daily average of MOP575 million for the past 6 days, down 44% WoW and 1% YoY, which is believed to be due to weak seasonal demand after the Golden Week, HSBC Global Research issued a research report saying. Assuming that average daily GGR for the rest of May will be between MOP570 million and MOP630 million, full-month GGR should be between MOP20 billion and MOP21.2 billion, a flat performance to 5% YoY growth. HSBC Global Research remained positive on MGM CHINA (02282.HK)'s strong return on invested capital, with strong execution and operational efficiency driving more resilient results. The broker also liked GALAXY ENT (00027.HK), believing that the continued expansion of its Phase 3 project and the launch of Capella Macau in mid-2025 will help the Group gain market share. AAStocks Financial News |
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