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<Research>UBS: MO Avg. GGR Slows to MOP643M/ Day Over Past 7 Days; Top Picks Galaxy, MGM, Wynn
Recommend 3 Positive 9 Negative 7 |
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Macau's average GGR over the past seven days approximated MOP643 million/ day, a deceleration from to the previous seven days' MOP671 million, UBS released a research report, citing channel checks. This deceleration was partly attributable to lower VIP hold. The average GGR MTD was about MOP678 million/ day, representing an MoM decline of approximately 13% but a YoY rise of about 10%. Based on market forecasts for November's average GGR of approximately MOP673 million/ day, the average GGR for the remaining seven days of this month was estimated to be around MOP656 million/ day. UBS' top picks among Macau gaming stocks were GALAXY ENT (00027.HK), MGM CHINA (02282.HK), and WYNN MACAU (01128.HK), which were all rated as Buy. AASTOCKS Financial News Website: www.aastocks.com |
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