CLSA Expects Macau Sep GGR to Edge Up 0.3% YoY to MOP18.3B, Continues to Favor GALAXY ENT

CLSA issued a research report saying that Macau's August GGR fell 1.2% YoY, missing the broker's and market consensus forecasts by 2%, mainly affected by a decline in VIP hold rate during the period from August 24 to 31. However, average daily GGR still rose 8% MoM.

Entering September, CLSA expects Macau's GGR to edge up 0.3% YoY to MOP18.3 billion, below the market forecast of 9.5% YoY growth.

For individual stocks, the broker continues to regard GALAXY ENT (00027.HK) -0.420 (-1.270%) Short selling $189.79M; Ratio 57.481% as its top pick, while assigning "Outperform" ratings to SANDS CHINA LTD (01928.HK) -0.130 (-0.943%) Short selling $73.43M; Ratio 38.034% , WYNN MACAU (01128.HK) -0.075 (-1.327%) Short selling $13.88M; Ratio 35.335% , MGM CHINA (02282.HK) -0.135 (-1.357%) Short selling $33.58M; Ratio 78.245% and Melco Resorts & Entertainment Limited (MLCO.US) . It also maintained an "Underperform" rating on SJM HOLDINGS (00880.HK) 0.000 (0.000%) Short selling $4.88M; Ratio 24.430% . (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-09-01 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)