GO
| HSI1 | 23,350.03 | +295.00 | 304.95B |
| HSCEI1 | 7,699.76 | +87.28 | 86.75B |
| Back Zoom + Zoom - Block Traded | |
|
2026-07-02 12:55:56 Macau's GGR in June sank 12% YoY to MOP18.5 billion, marking the first YoY downfall in 17 months, said JPMorgan in its report. Although the market and the broker had already expected that the FIFA World Cup had a greater-than-expected drag on the gaming industry, the data still hurt market sentiment and could trigger a fresh round of downward revisions to 2Q earnings forecasts. The broker noted that Macau gaming stocks have cumulatively corrected 27% since the start of the year, but the current timing for buying is still not attractive, maintaining a "selective" investment strategy on the sector. For investors willing to focus on medium-term opportunities amid volatile market, GALAXY ENT (00027.HK) remains the sector top pick, with its Phase 4 project set to open next year. JPMorgan's preferences for Macau gaming stocks in pecking order is: GALAXY ENT (rating Overweight, TP HKD52) > SANDS CHINA LTD (01928.HK) (rating Overweight, TP HKD22) = WYNN MACAU (01128.HK) (rating Overweight, TP HKD7.5) > MGM CHINA (02282.HK) (rating Neutral, TP HKD13.2) = Melco Resorts & Entertainment Limited (MLCO.US) (rating Neutral, TP USD6) > MELCO INT'L DEV (00200.HK) (rating Underweight, TP HKD3.5) > SJM HOLDINGS (00880.HK) (rating Underweight, TP HKD2). ~ AASTOCKS Financial News Website: www.aastocks.com | |