According to JPMorgan's checks, Macau's GGR for the first 22 days of June amounted to MOP14.8 billion, averaging over MOP670 million per day, JPMorgan released a research report saying. This implies that the daily average GGR for the last seven days was MOP685 million, similar to May's MOP684 million, breaking the slow seasonality in June.

Although the data was boosted by Jacky Cheung's concert, the broker was encouraged by the recent above-seasonal and expectation-beating demand, indicating a positive inflection after more than a year of disappointing trends. JPMorgan added that Macau's June GGR is likely to exceed MOP19.5 billion, marking the first double-digit growth in recent times.

Related NewsG Sachs Ratings, TPs on Airlines, Hoteliers, Travelers, Related Consumers (Table)
The broker believed that it is time to reassess the current valuation of Macau casinos, with top picks being GALAXY ENT (00027.HK)  +1.000 (+2.937%)    Short selling $33.27M; Ratio 11.111%   and MGM CHINA (02282.HK)  +0.080 (+0.662%)    Short selling $1.26M; Ratio 2.167%   , followed by SANDS CHINA LTD (01928.HK)  +0.600 (+3.822%)    Short selling $30.79M; Ratio 12.758%   and WYNN MACAU (01128.HK)  +0.100 (+1.931%)    Short selling $5.67M; Ratio 13.686%   , all of which are rated at Overweight.

JPMorgan rated Melco Resorts & Entertainment (MLCO.US)      and SJM HOLDINGS (00880.HK)  +0.060 (+2.521%)    Short selling $704.61K; Ratio 5.122%   at Neutral, and MELCO INT'L DEV (00200.HK)  +0.020 (+0.559%)    Short selling $1.87M; Ratio 3.737%   at Underweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-25 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)