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<Research>HSBC Research Keeps Buy on SANDS CHINA LTD/ GALAXY ENT/ MGM CHINA; Spring Festival Footfall Demonstrates Resilience in Travel Spending
Recommend 8 Positive 20 Negative 16 |
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Macau's GGR for the first 22 days of February reached MOP14.3 billion, meaning that it averaged MOP786 million per day with the Chinese New Year Golden Week (February 15-23) included, according to a report from HSBC Global Research. While the average daily GGR was sluggish in the first three days, it accelerated to around MOP1.2-1.3 billion in the last three days of this period, around 10-15% higher than the same period last year. Stock | Rating | Target Price (HKD) GALAXY ENT (00027.HK) | Buy | 47 MGM CHINA (02282.HK) | Buy | 17 SANDS CHINA LTD (01928.HK) | Buy | 22.5 SJM HOLDINGS (00880.HK) | Hold | 2.4 WYNN MACAU (01128.HK) | Hold | 6.5 AAStocks Financial News |
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