MS-GEG @EP2602A(19566.HK)

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MS-GEG @EP2602A
19566.HK
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Sands China tops Hong Kong benchmark as Macau gaming revenue rises

Sands China stock surged nearly 6% to HK$18.03, marking its largest one-day percentage increase since September 19. It led gains among Macau gaming stocks despite the Hang Seng Index declining by 2.4%. Macau's gross gaming revenues rose 24% year-on-year in January, reaching 22.63 billion patacas ($2.81 billion), the highest since October 2025. Competitors like Melco, SJM, Wynn Macau, MGM China, and Galaxy saw stock increases between 0.2% and 1.2%.

Reuters·
HK
00027
+1.56%
US
BJK
+0.97%
US
SCHYY
+4.83%
Reuters·
HK
00027
+1.56%
US
BJK
+0.97%
US
SCHYY
+4.83%

Morgan Stanley expects Macau's total gaming revenue in the first quarter to increase by 18% year-on-year, optimistic about Galaxy Entertainment and Sands China, among others

Morgan Stanley expects that Macau's total gaming revenue in the first quarter of this year will grow by 18% year-on-year, mainly benefiting from a low base and the Lunar New Year holiday. January's gaming revenue was MOP 22.6 billion, an increase of 24% year-on-year. Morgan Stanley is optimistic about Galaxy Entertainment and Sands China, both giving an "Overweight" rating, while MGM China and SJM Holdings are given "Neutral" and "Underweight" ratings, respectively

AASTOCKS·
US
SCHYY
+4.83%
US
MGM
-0.15%
US
PEJ
+1.23%
AASTOCKS·
US
SCHYY
+4.83%
US
MGM
-0.15%
US
PEJ
+1.23%

Top 5 HK Stock Gainers/Losers (>100B) (1.29)

CTG DUTY-FREE(01880) rose 7.98%, with a trading turnover 414.8 Million HKD, and a year-to-date rose 22.8%. BEKE-W(02423) rose 7.56%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 25.2%. SANDS CHINA LTD(01928) fell 7.96%, with a trading turnover 1.1 Billion HKD, and a year-to-date fell 11.5%. HORIZONROBOT-W(09660) fell 5.94%, with a trading turnover 2.1 Billion HKD, and a year-to-date fell 3.1%.

Top Gainers & Losers·
HK
01880
-0.77%
HK
02423
-3.88%
HK
00688
-2.21%
Top Gainers & Losers·
HK
01880
-0.77%
HK
02423
-3.88%
HK
00688
-2.21%

BUZZ-Sands China hits 7-month low as net income falls; rivals slip

Shares of Sands China Ltd fell 8.5% to HK$17.24, marking a 7-month low, and are on track for their largest one-day percentage drop since April 7. The company reported a 10.1% year-on-year decline in Q4 2025 net income to $213 million, with a 14.2% drop for the year. Despite a 16.4% increase in Q4 total net revenue to $2.05 billion, the stock is down 11.8% year-to-date. Rivals SJM, Wynn Macau, Melco International, MGM China, and Galaxy Entertainment also saw declines between 2.1% and 3.9%.

Reuters·
US
SCHYY
+4.83%
HK
02282
+1.52%
HK
00200
+0.95%
Reuters·
US
SCHYY
+4.83%
HK
02282
+1.52%
HK
00200
+0.95%

Galaxy Entertainment Thrives Amid Macau Rebound

Galaxy Entertainment Group (GEG) is experiencing a resurgence in tourism as Macau rebounds from the pandemic, with Q3 25 net revenue reaching HKD 12.2bn, driven by increased demand and high occupancy rates. GEG's stock has surged 28.4% over the past year, with analysts maintaining a positive outlook and all 21 covering the stock rating it as a 'Buy.' Despite challenges such as rising labor costs and regulatory changes, GEG's integrated resorts continue to thrive, supported by strong non-gaming revenue and a focus on sustainability and guest experiences.

marketscreener·
US
GXYYY
+3.11%
HK
00027
+1.56%
marketscreener·
US
GXYYY
+3.11%
HK
00027
+1.56%
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