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UBS released a research report, updating the investment ratings and target prices for gaming stocks. Melco Resorts & Entertainment is rated as Buy, with a target price of $9.4; Sands China is upgraded from Neutral to Buy, with a target price of $20.4; Wynn Macau is rated as Buy, with a target price of $8.4; Galaxy Entertainment is rated as Buy, with a target price of $46; Melco International Development is upgraded from Neutral to Buy, with a target price of $5.3; MGM China is rated as Buy, with a target price of $16.8; SJM Holdings is rated as Sell, with a target price of $2.2

AASTOCKS

MGM CHINA

WYNN MACAU

SANDS CHINA LTD

SJM HOLDINGS

MELCO INT'L DEV

GALAXY ENT

UBS's investment ratings and target prices for Macau gaming stocks (Table)

SJM Holdings posts FY loss attributable of HK$429 mln

marketscreener

SJM Holdings posts FY loss attributable of HK$429 mln

SJM Holdings Swings to Loss in 2025

SJM Holdings Swings to Loss in 2025

FLYU

SCHYY

GXYYY

MLCO

The performance of the travel market during the Spring Festival holiday was strong, despite the box office hitting a six-year low. The enthusiasm for travel among Chinese citizens is high, especially at tourist attractions in Australia like the Twelve Apostles, which attracted a large number of Chinese tourists. Macau's gaming revenue grew by 4.5%, and the number of tourists reached a new high, indicating that residents' willingness to spend has not diminished, but the film market needs to rely on richer content and themes to recover

Stheadline

MicroSectors™ Travel 3X Leveraged ETNs

Sands China

Galaxy Entertainment Group

Melco Resorts & ENT

Mainland China's Spring Festival travel boom, movie "God of Wealth" also lands in Australia. Analysis: Long holidays prioritize travel

09929

Citigroup expects Macau's gaming revenue to reach MOP 22.5 billion in March, a year-on-year increase of 14%. The total gaming revenue for February was MOP 20.627 billion, averaging about MOP 737 million per day, exceeding expectations. The combined gaming revenue for the first two months was MOP 43.3 billion, an increase of 14%. Several concerts are scheduled for March, which is expected to further boost gaming revenue growth

VanEck Gaming ETF

MGM Resorts

Wynn Resorts

SEM HLDGS

Las Vegas Sands

Citi expects Macau's gaming revenue to reach 22.5 billion yuan in March, up 14% year-on-year

JP Morgan's report shows that Macau's gaming revenue in February increased by 4% year-on-year, reaching MOP 20.6 billion, exceeding expectations. The demand from high-end customers drove the average daily revenue in the last week to MOP 1 billion. In the first two months, GGR grew by 14%, recovering to 86% of pre-pandemic levels. Despite poor GGR performance in March, JP Morgan remains optimistic about Galaxy Entertainment, with a target price of HKD 52. Sands China and MGM China have target prices of HKD 22 and HKD 18, respectively, both receiving an "overweight" rating. SJM Holdings and Melco International Development received a "reduce" rating

Morgan Stanley: Macau's February gaming revenue exceeds expectations, urges to maintain selective preference for Galaxy Entertainment

Macau's gaming revenue rose by 4.5% in February, exceeding expectations, driven by a surge in tourist arrivals during the Lunar New Year. This increase highlights the critical role of tourism in Macau's economy, especially during festive periods. The positive revenue performance indicates a strong start to the year as the city recovers from past economic difficulties.

CoinLive

Macau's Gaming Revenue Surges in February Amid Lunar New Year Boost

Macau's gaming revenue rose 4.5% in February, reaching 20.62 billion patacas, surpassing analyst estimates of 1% growth, thanks to a boost from Chinese New Year tourism. This revenue is 81.3% of pre-pandemic levels. However, casinos face profit margin pressures due to competition for mass-market players and a decline in VIP clients following regulatory changes. Operators must manage costs while attracting gamblers, amid challenges from China's economic slowdown and property market issues.

Businesstimes News

Macau gaming revenue beats estimate on Chinese New Year boom

Citigroup's report shows that the Macau gaming industry started strong in the Year of the Horse, with high-end mid-market per capita bets reaching a record high of MOP 29,625, an increase of 13% compared to last year. It was observed that the number of high rollers with bets exceeding MOP 500,000 increased to 7, and the minimum bet for baccarat rose to MOP 2,347. Citigroup is optimistic about Macau's total gaming revenue forecast for 2026, expecting a growth of 1% to MOP 20 billion. Gaming stocks performed well, with Galaxy Entertainment seeing the largest increase of 3.1%

Citigroup expects Macau's gaming industry to have a strong start in the Year of the Horse, with high-end mid-market per capita betting reaching a new high

Citi released a research report indicating that the Macau gaming industry has had a strong start, with high-end mass market performance continuing to strengthen and average betting amounts reaching record highs. It is expected that February's gaming revenue will grow by 1% to MOP 20 billion. Citi is optimistic about Galaxy Entertainment and has given it a buy rating with a target price of HKD 54. Other ratings for Macau gaming stocks include buy for MGM China at HKD 18.25, buy for Sands China at HKD 23, buy for Wynn Macau at HKD 7.55, sell for SJM Holdings at HKD 2.23, and buy for Melco Resorts at USD 10.5

"Big Banks" Citigroup: Macau's gaming industry starts strong, most optimistic about Galaxy Entertainment

Hot trading industry trends on August 7 and related Hong Kong semiconductor stocks. Hong Kong semiconductor stocks opened lower in early trading but then surged strongly, with Innoscience gaining over 11%, and industry leader SMIC rising over 3%. Core logic: On the news front, on August 1, Innoscience officially responded to rumors of collaboration with NVIDIA. The announcement stated that the company has recently partnered with global AI technology leader NVIDIA to jointly promote the large-scale implementation of the 800VDC (800-volt direct current) power architecture in AI data centers. Clear signals of a cyclical bottom: Global semiconductor inventory reduction is nearing its end...

NVIDIA

SMIC

SMIC HK SDR 5to1

FIT HON TENG

WUXI APPTEC

WuXi AppTec

INNOCARE

InnoCare Pharma

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

NAGACORP

CSPC PHARMA

INNOVENT BIO

COWELL

HUA HONG SEMI

Hua Hong

SHANGHAI FUDAN

FMSH

INNOSCIENCE

SOLOMON SYSTECH

TIGERMED

Tigermed

Apple

Hot Trades in Hong Kong Stocks (8.7)｜ Chip Stocks Rebound Strongly, Apple Supply Chain Follows; Xiaomi and Pharmaceuticals Retreat Under Pressure

Hong Kong stocks continued their upward trend on July 28, with the cryptocurrency, innovative drug, gaming, and insurance sectors performing well. Hong Kong's &#34;Stablecoin Ordinance&#34; will officially take effect on August 1, marking the countdown to stablecoin issuance; the innovative drug sector was boosted by Hengrui Pharmaceuticals securing a $12 billion order; insurance stocks extended their gains as industry anti-internal competition and interest rate cuts improved profit prospects; gaming stocks benefited from Macau's July gaming revenue exceeding expectations and Thailand's withdrawal of the casino bill.

HENGRUI PHARMA

Hengrui Pharma

3SBIO

OSL GROUP

CPIC

SUNSHINE INS

CR HOLDINGS

CHINA LIFE

China Life

SINO BIOPHARM

GUOTAI JUNAN I

AIA-R

AIA Group

Hot Trades in Hong Kong Stocks (7.28)｜Cryptocurrency, Innovative Drugs, Insurance, and Gaming Sectors Shine, Hengrui Pharmaceuticals Soars 15% at Midday

JP-SJM @EC2610A(26744.HK)

UBS's investment ratings and target prices for Macau gaming stocks (Table)

SJM Holdings posts FY loss attributable of HK$429 mln

SJM Holdings Swings to Loss in 2025

Mainland China's Spring Festival travel boom, movie "God of Wealth" also lands in Australia. Analysis: Long holidays prioritize travel

Citi expects Macau's gaming revenue to reach 22.5 billion yuan in March, up 14% year-on-year