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UOB Kay Hian Maintains Overweight on MO Gaming; Top Pick Remains GALAXY ENT
2026-07-02 14:52:30
Affected by the World Cup, Macau's GGR in June came in at MOP18.5 billion, down 12% YoY and 18% MoM, and 1% below market expectations, UOB Kay Hian said in its report. GGR for 1H reached MOP126.9 billion, up 7% YoY and reaching 85% of the 2019 level, below the broker's full-year forecast of 89%.

The broker maintained an Overweight rating on the Macau gaming sector. In addition, as GALAXY ENT (00027.HK) has the ability to capture new premium demand, the company remains the sector top pick. The broker maintained its TP at HKD48 and reiterated a Buy rating.
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AASTOCKS Financial News
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