Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS: MO Oct GGR Beats; Nov's Estimated to Go Up 10% YoY
Recommend 9 Positive 21 Negative 5 |
||||
|
||||
|
UBS research report wrote that Macau's GGR for October was approximately MOP24.1 billion, up 16% YoY and up 32% MoM. This equates to a daily run-rate of about MOP777 million, surpassing market expectations, on strong Golden Week tail. From October 6 to 31, the daily run-rate was approximately MOP715 million. Although it ebbed about 35% compared to the core period of the Golden Week, it was still above September's MOP610 million, and the 35% decline was better than the historical level of 40%. The market expected November's GGR to return to normal, with a daily run-rate of approximately MOP673 million, up 10% YoY and down 13% MoM, roughly in line with the seasonal pattern from 2015 to 2019. Regarding stocks, the broker's top picks were WYNN MACAU (01128.HK), MGM CHINA (02282.HK), and GALAXY ENT (00027.HK), which were all rated as Buy with target prices of HKD8.4, HKD19.8, and HKD46.9, respectively. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
