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<Research>M Stanley Projects MO Jun GGR to Fall 1% YoY to MOP20.8B; WYNN MACAU/ SANDS CHINA LTD Favored
Recommend 7 Positive 19 Negative 6 |
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Macau's May GGR reached MOP22.6 billion, up 6.7% YoY and 14% MoM, beating market expectations, Morgan Stanley said in a research report. Due to short-term disruptions from the World Cup in June and a higher base last year, Morgan Stanley expected June GGR to be MOP20.8 billion, down 1% YoY, implying 2Q26 GGR will grow 4% YoY. However, the broker believed the revenue growth will not be sufficient to offset souring cost pressures, and therefore forecast 2Q EBITDA to remain flat YoY. The broker was bullish on WYNN MACAU (01128.HK) and SANDS CHINA LTD (01928.HK), as it considers their dividend yields more attractive than those of other HSI constituents. 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
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