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<Research>HSBC Research Upgrades SANDS CHINA LTD to Buy, Lifts MO GGR Growth Forecast for This Yr
Recommend 15 Positive 22 Negative 7 |
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HSBC Global Research has released a report expressing a more positive outlook on Macau's gaming industry in light of strong mainland travel demand and robust inbound tourist numbers. The broker raised its 2026 forecast for Macau's GGR growth from 4% to 8%, reaching MOP264.47 billion. It also predicts a low base effect to continue supporting a double-digit growth in 1Q26. HSBC Global Research has upgraded SANDS CHINA LTD (01928.HK)'s rating from Hold to Buy and lifted its target price from HKD18.8 to HKD24, anticipating a 33% earnings growth for 2026 and continued improvements in the market share. In addition, the broker has kept GALAXY ENT (00027.HK) and MGM CHINA (02282.HK) as its top picks. GALAXY ENT's target price has increased from HKD43.5 to HKD47, with an unchanged Buy rating. MGM CHINA's target price has been cut from HKD17.3 to HKD17, though the rating remains Buy. AAStocks Financial News |
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