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<Research>UOB Kay Hian: MO Apr GGR Beats Estimation by 3%; Top Pick GALAXY ENT (00027.HK)
Macau's GGR grew 2% YoY but fell 4% MoM in April 2025, beating the market consensus by 3% and recovering to 80% of the 2019 level, UOB Kay Hian released a research report sayin...
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<Research>UOB Kay Hian: MO Apr GGR Beats Estimation by 3%; Top Pick GALAXY ENT (00027.HK)
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Macau's GGR grew 2% YoY but fell 4% MoM in April 2025, beating the market consensus by 3% and recovering to 80% of the 2019 level, UOB Kay Hian released a research report saying. In 1Q25, Macau's visitor arrivals increased 11% YoY, recovering to 95% of 2019's level.

UOB Kay Hian kept rating at Overweight on Macau's gaming sector, with GALAXY ENT (00027.HK)  +0.600 (+2.128%)    Short selling $46.77M; Ratio 14.872%   as its top pick. The broker believed that GALAXY ENT is well-positioned to further capture market share, especially with the upcoming launch of Capella in the middle of 2025, which is expected to enhance its attractiveness to high-end premium mass customers.

Related NewsUBS Expects 2025 MO GGR to Fall 2% YoY; Top Pick GALAXY ENT (00027.HK)
Therefore, UOB Kay Hian maintained its target price at $45 for GALAXY ENT, with rating at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-02 16:25.)

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