
GO
HSI1 | 23,916.06 | -153.88 | 267.81B |
HSCEI1 | 8,609.27 | -39.17 | 80.13B |
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2025-07-04 10:13:16 UBS released a research report raising its 2025-2026 Macau's GGR forecasts by 8-14% to reflect the unexpected 2Q25 growth rate. Of which, the US-China tariffs have not impacted gaming demand, and visitor numbers accelerated incline in 2Q25 due to concerts, while new hotels and a new visa policy involving Zhuhai and Hengqin will continue to support demand growth in 2H25. On the stock front, the broker upgraded MGM CHINA (02282.HK) to Buy, and lifted its target price to $15.9 from $10, and upgraded Melco Resorts & Entertainment (MLCO.US)/ MELCO INT'L DEV (00200.HK)/ WYNN MACAU (01128.HK) to Neutral from Sell, with target prices raised to $8.8/ $5/ $6.1 each, based on higher revenue forecasts. Sector top picks are GALAXY ENT (00027.HK) and MGM CHINA. UBS elevated its target price for GALAXY ENT to $43.9 from $34.2, with rating at Buy. The broker also kept rating on SJM HOLDINGS (00880.HK) at Sell, and added its target price from $1.6 to $2.5. ~ AAStocks Financial News Website: www.aastocks.com |