SJM HOLDINGS (00880.HK)  -0.050 (-2.016%)    Short selling $5.21M; Ratio 15.658%   will close nine satellite casinos by the end of the year, and acquire 2 of them; while Melco Resorts & Entertainment (MLCO.US)      and GALAXY ENT (00027.HK)  -0.550 (-1.652%)    Short selling $41.36M; Ratio 14.411%   will each close one satellite casino, according to a research report issued by HSBC Global Research. Companies need to internally absorb affected employees and equipment.

Among the 5,600 affected employees, 4,800 are employed by gaming concessionaires, the broker added. Therefore, the additional cost to absorb the remaining 800 employees is manageable.

Related NewsMacquarie: MO Satellite Casinos to Close Down; Top Pick GALAXY ENT (00027.HK)
Regarding stocks, HSBC Global Research was optimistic about MGM CHINA (02282.HK)  -0.260 (-2.377%)    Short selling $8.56M; Ratio 19.693%   due to its strong return on capital and a 5.6% dividend yield. The broker believed that the group's strong execution capabilities and efficient operations can deliver resilient results in a challenging environment. Therefore, HSBC Global Research rated MGM CHINA at Buy, with a target price of $14.5.

Furthermore, HSBC Global Research also liked GALAXY ENT due to its continued growth of its Phase 3 project and as the opening of its Capella Hotel in mid-2025 can support market share gains. The broker rated the stock at Buy, with a target price of $41.5.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-13 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)