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2026-11-09 12:33:46 Channel checks disclosed that Macau's mass GGR daily run-rate in October hiked about 6% QoQ, while VIP GGR daily run-rate added about 9% QoQ, UBS said in a research report. In terms of market share, Melco and Wynn steered the gains in October, up 150 bps and 100 bps MoM respectively. During the period, GALAXY ENT (00027.HK) lost 200 bps of market share MoM, partly owing to unfavorable mass and VIP hold in both mass and VIP during the National Day Golden Week holiday. SJM HOLDINGS (00880.HK) saw its October market share decline about 50 bps MoM, while market share for SANDS CHINA LTD (01928.HK) and MGM CHINA (02282.HK) was broadly flat MoM. Among them, market share for MGM CHINA and Melco beat market expectations, while GALAXY ENT missed. The broker rated SANDS CHINA LTD, MGM CHINA, GALAXY ENT, Melco Resorts & Entertainment Limited (MLCO.US), and MELCO INT'L DEV (00200.HK) as Buy, with target prices of HKD15.9, HKD13.6, HKD44.4, USD7.7 and HKD4.3 respectively. WYNN MACAU (01128.HK) and SJM HOLDINGS were rated Neutral, with target prices of HKD5.7 and HKD1.5 respectively. ~ AASTOCKS Financial News Website: www.aastocks.com | |