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Citi: World Cup Drags on MO Jun Premium Mass; Accumulate GALAXY ENT/ SANDS CHINA LTD
2026-06-22 11:12:22
Affected by the ongoing World Cup and a high base from Jacky Cheung's concerts last year, Macau's premium mass indicators recorded YoY declines in June, Citi said in a research report citing industry data. Total wagers amounted to HKD9.8 million, down 38% YoY and marking a post-pandemic low. The number of players fell 29% YoY, while the average wager/player shed 13% YoY to HKD21,775.

However, the broker expected the Macau gaming industry to recover rapidly after the World Cup concludes in July. It recommends investors Accumulate its top picks GALAXY ENT (00027.HK) and SANDS CHINA LTD (01928.HK) on short-term share price weakness, assigning TPs of HKD52 and HKD24 respectively.
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