Morgan Stanley has released a report predicting that Macau casino stocks will underperform the market in the short term.In Morgan Stanley's estimate, Macau's 2026 GGR will grow by 6%, and the EBITDA will only increase by 2%, missing market expectations and weakening YoY. The growth slowdown is expected to be caused by the base effect impacting the 2H26 GGR, along with persistent softness in base mass.Related News G Sachs: Macau Mar GGR Beats Expectations; 1Q26 Maintains Healthy Growth MomentumMorgan Stanley has downgraded its industry view from Attractive to In-Line, projecting the YoY growth in GGR to slow from May and the EBITDA to log negative growth in 2Q26 and 3Q26. It favors SANDS CHINA (01928.HK) +0.030 (+0.176%) Short selling $41.04M; Ratio 133.133% and Melco Resorts & Entertainment (MLCO.US) .Stocks | Ratings | Target Prices (HKD)SANDS CHINA LTD (01928.HK) +0.030 (+0.176%) Short selling $41.04M; Ratio 133.133% | Overweight | 22 -> 18.5GALAXY ENT (00027.HK) 0.000 (0.000%) Short selling $61.73M; Ratio 80.280% | Overweight -> Equalweight | 44 -> 39MGM CHINA (02282.HK) -0.180 (-1.587%) Short selling $10.17M; Ratio 112.435% | Equalweight | 15 -> 13.2Melco Resorts & Entertainment (MLCO.US) | Overweight | USD8.5 -> USD6.3WYNN MACAU (01128.HK) +0.050 (+0.891%) Short selling $5.00M; Ratio 96.511% | Overweight -> Equalweight | 6.6 -> 5.9SJM HOLDINGS (00880.HK) -0.010 (-0.467%) Short selling $1.81M; Ratio 38.099% | Underweight | 2.2 -> 2(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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