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<Research>HSBC Research: MO GGR Tumbles 46% WoW in 2nd Wk of Oct; Players Possibly Lured Away to Singapore F1 Grand Prix
Recommend 9 Positive 23 Negative 18 |
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Macau's GGR for the first 12 days of October amounted to MOP9.65 billion, meaning that it averaged MOP593 million per day in the second week of October, down 8% YoY or 46% WoW, a fall slightly sharper than the historical average of 39%, according to a report from HSBC Global Research. Industry insiders opined that there were fewer big players during the past Golden Week holiday, as some of them might be lured away to the Singapore F1 Grand Prix or opt for long-distance travel. As Macau's GGR growth slows, HSBC Global Research estimated that the short-term upside potential for casino stocks would be limited even with the low base effect supporting the 4Q25 GGR growth. The broker favored GALAXY ENT (00027.HK) and MGM CHINA (02282.HK), with a target price of HKD45.5 for the former and HKD18.8 for the latter. Both were rated as Buy. AAStocks Financial News |
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