Credit Suisse downgraded Sands China Ltd. to "Hold," with Wynn Macau and Galaxy Entertainment as top picks in the gaming sector

AASTOCKS
2026.04.09 08:05

Credit Suisse published a report stating that the steady start in early April supports the current price levels of Macau gaming stocks, but is generally neutral for the entire industry, mainly due to the easing comparison base coming to an end, along with geopolitical factors. The firm continues to believe that in a slowing growth environment, high-end operators should outperform the market, reiterating Wynn Macau (01128.HK) and Galaxy Entertainment (00027.HK) as preferred stocks. The firm forecasts that Wynn's adjusted EBITDA will grow by 7.1% year-on-year in fiscal year 2026, while Galaxy Entertainment will grow by 9.7%.

Additionally, the firm has recently downgraded Sands China Ltd. (LVS.US) to "Hold," reflecting that its strategic push for high-end mass market operations will bring margin pressure

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