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<Research>UBS Favors Melco Resorts & Entertainment/ SANDS CHINA LTD, Still Bullish on MO Gambling Sector
Recommend 8 Positive 13 Negative 9 |
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Macau's GGR averaged around MOP700 million per day over the past seven days, roughly in line with the level seen in the previous eight days, UBS wrote in its research report, citing industry data. The average daily GGR has reached around MOP703 million MTD, up around 11% YoY but down about 5% MoM. UBS expects Macau's GGR for March to average around MOP690 million per day, up 9% YoY. UBS remains optimistic about Macau's gambling sector. It has selected Melco Resorts & Entertainment (MLCO.US) and SANDS CHINA LTD (01928.HK) as its top picks. AAStocks Financial News |
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