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HSBC Research Expects Aug GGR at MOP22.1B-22.6B; Reiterates Buy on SANDS CHINA LTD (01928.HK), GALAXY ENT (00027.HK) and MGM CHINA (02282.HK)
2026-08-25 14:41:18
HSBC Global Investment Research issued a research report stating that Macau GGR for the first 23 days of August reached MOP16.65 billion, with average daily GGR of about MOP724 million, up 11% MoM but down 2% YoY. Among this, Macau's average daily GGR last week was MOP714 million, as a decline in VIP betting volume offset the impact of a slight increase in win rate.

The broker forecast that if average daily GGR for the remaining days of this month ranges between MOP680 million and MOP740 million, full-month August GGR will range between MOP22.1 billion and MOP22.6 billion, flat YoY to up 2% YoY. Assuming normal seasonal trends in September and with GGR expected to decline about 10% MoM, it believes 3Q26 GGR will range from a 1% YoY decline to a 1% YoY increase.

For individual stocks, the broker maintained Buy ratings on SANDS CHINA LTD (01928.HK), GALAXY ENT (00027.HK) and MGM CHINA (02282.HK), with TP at HKD18, HKD46.5 and HKD16 respectively. (sl/da)~

AASTOCKS Financial News
Website: www.aastocks.com

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.