HU-SJM @EC2608A(16853.HK)

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HU-SJM @EC2608A
16853.HK
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Morgan Stanley: Hotel room prices in Macau during the Lunar New Year have increased by nearly 30% year-on-year, expecting February gaming revenue to rise by 13% year-on-year

Morgan Stanley's research report indicates that hotel room prices in Macau during the Lunar New Year period have increased by nearly 30% compared to the same period last year, and gaming revenue in February is expected to grow by 13% year-on-year. The report shows that although the occupancy rate has decreased compared to the same period last year, the increase in room prices and higher occupancy rates will sustain post-holiday demand, supporting the growth expectations for gaming revenue. At the same time, the industry’s first-quarter EBITDA is expected to increase by 16% year-on-year

AASTOCKS·
US
MLCO
+1.10%
US
GXYYY
+1.55%
HK
00880
-1.21%
AASTOCKS·
US
MLCO
+1.10%
US
GXYYY
+1.55%
HK
00880
-1.21%

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
-1.69%
US
BJK
+0.73%
US
SCHYY
+1.48%
Reuters·
HK
00027
-1.69%
US
BJK
+0.73%
US
SCHYY
+1.48%

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
+1.48%
US
GXYYY
+1.55%
HK
00027
-1.69%
AASTOCKS·
US
SCHYY
+1.48%
US
GXYYY
+1.55%
HK
00027
-1.69%

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
+1.48%
US
MLCO
+1.10%
HK
02282
+0.51%
Reuters·
US
SCHYY
+1.48%
US
MLCO
+1.10%
HK
02282
+0.51%

SJM Holdings Repurchases US$170 Million of 2026 Senior Notes

SJM Holdings Ltd. has completed a cash offer to repurchase US$170 million of its outstanding 4.500% Senior Notes due 2026. The issuer, Champion Path Holdings Limited, accepted and cancelled this amount, leaving US$329.885 million of the 2026 Notes still outstanding. This announcement was published via the Hong Kong Stock Exchange.

Reuters·
HK
00880
-1.21%
Reuters·
HK
00880
-1.21%
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