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<Research>CLSA Expects Apr MO GGR to Hike 11% YoY to MOP20.9B; Top Picks GALAXY ENT/ MGM CHINA
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Macau's GGR for March 2026 amounted to MOP22.6 billion, up 15% YoY, 4- 5% above the expectations of the market and CLSA, according to CLSA’s research report. This implies that average daily GGR for the past week (23-31 March) was MOP778 million, 10% higher than the average daily GGR in the first 22 days of March. Although this may have been due to a higher-than-normal win rate, gaming demand remained solid despite recent geopolitical tensions, the broker noted. CLSA expected Macau's April GGR to increase by 11% YoY to MOP20.9 billion, in line with market consensus. Its top picks are GALAXY ENT (00027.HK) and MGM CHINA (02282.HK), both rated at Outperform, with target prices at $49.5 and $20.9, respectively. Auto-translated by AI AASTOCKS Financial News |
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