UBS released a research report raising its 2025-2026 Macau's GGR forecasts by 8-14% to reflect the unexpected 2Q25 growth rate. Of which, the US-China tariffs have not impacted gaming demand, and visitor numbers accelerated incline in 2Q25 due to concerts, while new hotels and a new visa policy involving Zhuhai and Hengqin will continue to support demand growth in 2H25.

On the stock front, the broker upgraded MGM CHINA (02282.HK)  +0.300 (+2.149%)    Short selling $7.83M; Ratio 3.400%   to Buy, and lifted its target price to $15.9 from $10, and upgraded Melco Resorts & Entertainment (MLCO.US)      / MELCO INT'L DEV (00200.HK)  +0.200 (+4.329%)    Short selling $4.52M; Ratio 3.906%   / WYNN MACAU (01128.HK)  +0.110 (+1.900%)    Short selling $11.17M; Ratio 14.692%   to Neutral from Sell, with target prices raised to $8.8/ $5/ $6.1 each, based on higher revenue forecasts.

Related NewsJPM Top Picks for CN Stocks for 2H25 (Table)
Sector top picks are GALAXY ENT (00027.HK)  +0.150 (+0.405%)    Short selling $78.19M; Ratio 15.652%   and MGM CHINA. UBS elevated its target price for GALAXY ENT to $43.9 from $34.2, with rating at Buy. The broker also kept rating on SJM HOLDINGS (00880.HK)  -0.030 (-1.124%)    Short selling $9.77M; Ratio 22.839%   at Sell, and added its target price from $1.6 to $2.5.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)