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 Melco International (00200.HK) Reports Annual Net Profit of HKD1.058 Billion, Turns Loss into ProfitMorgan 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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