Back    Zoom +    Zoom -
<Research>CLSA: New CN Rules on Overseas Investment May Weigh on Sentiment Toward MO Gaming Stocks
Recommend
6
Positive
7
Negative
8
China’s new regulations targeting overseas investment are expected to exert pressure on investment sentiment toward Macau’s gaming stocks, rather than directly affecting GGR, though potential knock-on effects cannot be ruled out, CLSA said in its report.

The broker continued to believe that there is limited scope for positive surprises in the GGR. It forecast June GGR to decline 0.65% YoY, while full-year GGR is expected to grow 5% YoY, at the lower end of market estimates of 5-8% growth.

Related News JPM: Macau May GGR Beats; Short-term Still in Growth Lull, GALAXY ENT (00027.HK) Top Pick

Auto-translated by AI
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details

AASTOCKS Financial News