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UBS: MO Oct GGR In Line; Top Picks SANDS CHINA LTD and MGM CHINA
2026-11-02 11:24:49
Macau's Gaming Inspection and Coordination Bureau announced Oct GGR of approximately MOP21.7 billion, down about 10% YoY and up about 20% MoM, implying average daily GGR of approximately MOP699 million, up about 16% MoM and in line with market expectations, UBS said in a research report.

Average daily GGR in the last six days of Oct reached approximately MOP672 million, improving from approximately MOP604 million in the preceding 14 days. Demand after the Golden Week holiday (12-31 Oct) was in line with seasonality, with average daily GGR of approximately MOP624 million, up about 4% MoM from Sep. The market forecast average daily GGR in Nov to be approximately MOP675 million, down about 4% YoY and 3% MoM.

The broker continued to list SANDS CHINA LTD (01928.HK) and MGM CHINA (02282.HK) as top picks, with Buy ratings and TP of HKD15.9 and HKD13.6 respectively.

UBS rated GALAXY ENT (00027.HK), MELCO INT'L DEV (00200.HK) and Melco Resorts & Entertainment Limited (MLCO.US) as Buy, with TP of HKD44.4, HKD4.3 and USD7.7 respectively. It assigned Neutral ratings to WYNN MACAU (01128.HK) and SJM HOLDINGS (00880.HK), with TP of HKD5.7 and HKD1.5 respectively.
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AASTOCKS Financial News
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