GO
| HSI1 | 23,654.03 | +141.54 | 212.69B |
| HSCEI1 | 8,576.75 | +56.89 | 84.72B |
| Back Zoom + Zoom - Block Traded | |
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2025-06-02 10:38:48 Macau's GGR in May rose 5% YoY to a 5-year high of MOP21.2 billion, beating market consensus of 2%, reflecting a recovery to 82% of pre-COVID-19 level, the best performance since the re-opening after the pandemic, according to JPMorgan's research report. The broker estimated that mass and slot have recovered to 120-121% of their pre-COVID-19 levels, while VIP recovered to 24-25% of its pre-COVID-19 levels. JPMorgan adjusted its target prices for casinos. For stocks, GALAXY ENT (00027.HK) and MGM CHINA (02282.HK) are JPMorgan's top picks, both with rating at Overweight, followed by SANDS CHINA LTD (01928.HK) and WYNN MACAU (01128.HK), both with rating at Overweight, Melco Resorts & Entertainment (MLCO.US), with Neutral rating, SJM HOLDINGS (00880.HK), which is upgraded to Neutral from Underweight after taking valuation into account, and MELCO INT'L DEV (00200.HK), with rating at Underweight. JPMorgan's latest ratings and target prices for casinos are listed below: Stock｜ Rating｜ TP (HKD) GALAXY ENT (00027.HK)｜Overweight｜37->42 MGM CHINA (02282.HK)｜Overweight｜13.5->15 SANDS CHINA LTD (01928.HK)｜Overweight｜16->18 WYNN MACAU (01128.HK)｜Overweight｜6.5 Melco Resorts & Entertainment (MLCO.US)｜ Neutral｜US$6.5-> US$7.2 SJM HOLDINGS (00880.HK)｜Underweight-〉Neutral｜2-〉2.2 MELCO INT'L DEV (00200.HK)｜Underweight｜3-〉2.6 ~ AASTOCKS Financial News Website: www.aastocks.com | |