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<Research>M Stanley Expects MO Nov GGR to Rise by 12% YoY
Recommend 13 Positive 33 Negative 9 |
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Macau's GGR for October was MOP24.1 billion, up 16% YoY and 32% MoM, significantly beating the market consensus of a 12% growth, Morgan Stanley released a research report saying. The broker anticipated that November GGR will rise by 12% YoY. The FCFE yield generated by the gaming sector was between 7% and 11%, while dividends increased, Morgan Stanley added. Therefore, the broker rated WYNN MACAU (01128.HK), MGM CHINA (02282.HK) and Melco Resorts & Entertainment (MLCO.US) at Overweight, and expected SANDS CHINA LTD (01928.HK) to declare higher dividends in FY2027, potentially driving upside for its stock price. AASTOCKS Financial News Website: www.aastocks.com |
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