---
title: "HSBC Research Expects Aug GGR at MOP22.1B-22.6B; Reiterates Buy on SANDS CHINA LTD , GALAXY ENT  and MGM CHINA"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296870003.md"
description: "HSBC Research forecasts Macau's August GGR at MOP22.1B-22.6B, flat to up 2% YoY, based on early-month data showing an 11% MoM increase but 2% YoY decline. The broker anticipates a 10% MoM drop in September, leading to Q3 GGR ranging from -1% to +1% YoY. HSBC reiterates Buy ratings on Sands China, Galaxy Entertainment, and MGM China with target prices of HKD18, HKD46.5, and HKD16 respectively."
datetime: "2026-08-25T06:51:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296870003.md)
  - [en](https://longbridge.com/en/news/296870003.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296870003.md)
generator: "portal-rs"
---

# HSBC Research Expects Aug GGR at MOP22.1B-22.6B; Reiterates Buy on SANDS CHINA LTD , GALAXY ENT  and MGM CHINA

HSBC Global Investment Research issued a research report stating that Macau GGR for the first 23 days of August reached MOP16.65 billion, with average daily GGR of about MOP724 million, up 11% MoM but down 2% YoY. Among this, Macau's average daily GGR last week was MOP714 million, as a decline in VIP betting volume offset the impact of a slight increase in win rate.

The broker forecast that if average daily GGR for the remaining days of this month ranges between MOP680 million and MOP740 million, full-month August GGR will range between MOP22.1 billion and MOP22.6 billion, flat YoY to up 2% YoY. Assuming normal seasonal trends in September and with GGR expected to decline about 10% MoM, it believes 3Q26 GGR will range from a 1% YoY decline to a 1% YoY increase.

For individual stocks, the broker maintained Buy ratings on SANDS CHINA LTD (01928.HK) -0.180 (-1.230%) Short selling $10.93M; Ratio 15.685% , GALAXY ENT (00027.HK) -0.260 (-0.743%) Short selling $109.35M; Ratio 54.334% and MGM CHINA (02282.HK) -0.130 (-1.262%) Short selling $8.61M; Ratio 61.157% , with TP at HKD18, HKD46.5 and HKD16 respectively. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-25 12:25.)

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- [UBS: MO Oct GGR In Line; Top Picks SANDS CHINA LTD and MGM CHINA](https://longbridge.com/en/news/303893157.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**