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<Research>HSBC Research Expects MO GGR to Hike 11-15% YoY in Jun, Recommends Buying MGM CHINA & GALAXY ENT
Macau's GGR for the first 22 days of June came in at MOP14.8 billion, HSBC Global Research’s report indicated. The daily run-rate from June 16 to 22 remained stable at MO...
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<Research>HSBC Research Expects MO GGR to Hike 11-15% YoY in Jun, Recommends Buying MGM CHINA & GALAXY ENT
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Macau's GGR for the first 22 days of June came in at MOP14.8 billion, HSBC Global Research’s report indicated. The daily run-rate from June 16 to 22 remained stable at MOP686 million, with the VIP win rate slightly declining to between 2.9% and 3.2%, but the mass performance remained solid, propelled by Jacky Cheung's concert.

Assuming the daily run-rate for the remainder of June is between MOP620 million and MOP700 million, the total monthly GGR could reach MOP19.7 billion to MOP20.4 billion, representing a YoY increment of 11-15%.

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The broker remained optimistic about MGM CHINA (02282.HK)  +0.080 (+0.662%)    Short selling $1.26M; Ratio 2.167%   due to its robust return on investment capital, believing that the company's strong execution and efficient operation should drive more-resilient results in a more challenging operating environment. The target price was set at HKD14.5 with a Buy rating.

The broker was also optimistic about GALAXY ENT (00027.HK)  +1.000 (+2.937%)    Short selling $33.27M; Ratio 11.111%   , as the group is ramping up the advancement of its Phase 3 project, with Capella Hotel set to launch in mid-year, which should support its market share growth. The target price was HKD41.5, also with a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-25 12:25.)

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