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<Research>Citi: Mar MO GGR Seasonally Slows; SANDS CHINA LTD (01928.HK) to Be More Attractive After Pullback
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Macau's GGR in March slowed compared to the Lunar New Year (LNY) period, primarily due to seasonal factors, Citi Research issued a research report saying. On the other hand, data shows solid YoY growth across various categories, including the average wager per premium mass players, the number of whales seen, and the minimum bet size for mass baccarat. The broker believed that 1Q26 GGR is still expected to achieve low- to mid-double-digit YoY growth for the third consecutive quarter, projected at 13%. Citi Research remained optimistic about the Macau gaming sector. In terms of stocks, the broker favored GALAXY ENT (00027.HK) and WYNN MACAU (01128.HK), with target prices of $54/ $7.55, respectively. Citi Research also considered SANDS CHINA LTD (01928.HK) to be more attractive after the recent share price pullback, with a target price of $23, with all rated at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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