CLSA has issued a report sharing its observations from visits to multiple casinos in Macau on May 2 during the Labor Day Golden Week holiday.The broker noticed that foot traffic into casinos increased after noon. Minimum bets were healthy. The most commonly seen bets ranged from HKD1,000 to HKD2,000 per hand on the general mass floor, while minimum bets in VIP areas were generally as high as HKD5,000. It even saw two tables with minimum bets of HKD10,000 at City of Dreams. The visit made it believe that the forecast GGR of MOP22.6 billion for May should be achievable.Related NewsHSBC Research: Macau Avg Daily GGR in First 10 Days of May Flat; Bullish on SANDS CHINA LTD (01928.HK), GALAXY ENT (00027.HK) and MGM CHINA (02282.HK)CLSA has set a target price at HKD47.4 for GALAXY ENT (00027.HK) 0.000 (0.000%) Short selling $255.94M; Ratio 29.796% , at HKD19.2 for MGM CHINA (02282.HK) 0.000 (0.000%) Short selling $31.40M; Ratio 47.692% , at HKD20 for SANDS CHINA LTD (01928.HK) 0.000 (0.000%) Short selling $23.82M; Ratio 14.749% , and at USD8.5 for Melco Resorts & Entertainment (MLCO.US) . All of them have also received an Outperform rating.In addition, WYNN MACAU (01128.HK) 0.000 (0.000%) Short selling $11.04M; Ratio 27.668% and SJM HOLDINGS (00880.HK) 0.000 (0.000%) Short selling $9.66M; Ratio 35.044% were rated Hold and Underperform, with target prices of HKD5.7 and HKD1.7, respectively.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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