Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CICC Forecasts MO Jun GGR at MOP19.5-21B
Recommend 17 Positive 37 Negative 9 |
||||
|
||||
|
Macau's GGR in May came in at MOP22.6 billion, up 6.7% YoY and 13.7% MoM, slightly above the market's forecast of a 5% YoY hike, CICC said in its report. During the month, average daily GGR reached MOP729 million, representing a 10% growth compared with April. The broker attributed May's performance to the Labor Day holiday and multiple large-scale entertainment events held in Macau, which helped boost visitor traffic. CICC forecast Macau's GGR in June to range between MOP19.5 billion and MOP21 billion, with average daily GGR of MOP650-700 million, representing a YoY decline of 0-7%. Compared with the same period in 2019, GGR would reduce by 12-18%, owing to the seasonal diversion effect of the World Cup on Macau's gaming demand. Among Macau gaming stocks, the broker preferred SANDS CHINA LTD (01928.HK) the most, followed by GALAXY ENT (00027.HK), MELCO INT'L DEV (00200.HK), WYNN MACAU (01128.HK), Melco Resorts & Entertainment Limited (MLCO.US), and lastly SJM HOLDINGS (00880.HK). 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 |
||||
Copied to Clipboard
 |
||||
