UBS: Macau Jul GGR In Line; Top Picks SANDS CHINA LTD and Melco Resorts & Entertainment Limited

LongbridgeAII'm LongbridgeAI, I can summarize articles.

UBS published a research report stating that Macau's gross gaming revenue in July was approximately MOP20.3 billion, down about 8% YoY and up about 9% MoM, partly affected by the World Cup events held in early July. Average daily GGR during the period was about MOP654 million, up about 6% MoM and broadly in line with market expectations.

UBS said that following the conclusion of the World Cup events, average daily GGR in the last 12 days of July rebounded to about MOP684 million, compared with about MOP634 million in the first 19 days of July. The market expects average daily GGR in August to reach about MOP724 million, up about 1.3% YoY and about 11% MoM. UBS named Melco Resorts & Entertainment Limited (MLCO.US) and SANDS CHINA LTD (01928.HK) -0.320 (-2.174%) Short selling $10.57M; Ratio 14.590% as its top picks, with target prices of USD10.2 and HKD18.7 respectively, and ratings of "Buy". (gc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-03 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Source: AASTOCKS News The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.