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CLSA Names GALAXY ENT, SANDS CHINA LTD as 1st Picks; Positive Surprise in MO Gaming Sector Shrinking
2026-04-08 10:46:45
Although Macau's GGR delivered a solid performance in 1Q26, CLSA decided to maintain its growth forecasts of 5% and 4% for FY26-27, respectively, the broker said in its report.

In CLSA's estimation, the room for positive surprise from organic growth going forward will be limited because of expectations of a near-term decline in industry profitability. That said, a stronger RMB will continue to provide support.

CLSA has downgraded SJM HOLDINGS (00880.HK)'s rating to Underperform and named GALAXY ENT (00027.HK) and SANDS CHINA LTD (01928.HK) as its top picks.
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