MBSANDS@EC2610A

UNI HEALTH

QUANTGROUP

AE LOGISTICS

XUNCE

KINTOR PHARMA-B

XunZhong

ILUVATAR COREX

HP LIVING TECH

NANFANG COMM

ZHAOWEI

MLCO

01128

02282

00027

00880

01928

GXYYY

BETZ

SCHYY

HSBC Research has released investment ratings and target prices for gaming stocks, including Galaxy Entertainment (Buy, HKD 49), MGM China (Buy, HKD 17), Sands China (Buy, HKD 22.5), SJM Holdings (Hold, HKD 2.2), WYNN MACAU (Hold, HKD 6.5), and Melco Resorts & Entertainment (Hold, USD 6.9)

AASTOCKS

Melco Resorts & ENT

Las Vegas Sands

WYNN MACAU

Wynn Resorts

MGM CHINA

GALAXY ENT

SJM HOLDINGS

MGM Resorts

SANDS CHINA LTD

VanEck Gaming ETF

Galaxy Entertainment Group

Roundhill Sports Betting & iGaming ETF

Sands China

HSBC Research's Investment Ratings and Target Prices for Gaming Stocks (Table)

HSBC Research expects Macau's March gaming revenue to reach MOP 21.3 billion to MOP 22.4 billion, representing a year-on-year growth of 8% to 14%. Currently, the average daily gaming revenue for the first 8 days of March is MOP 706 million, which is 4% lower than the levels in January and February. The bank maintains a "Buy" rating on Sands China, Galaxy Entertainment, and MGM China, with target prices of MOP 22.5, MOP 49, and MOP 17, respectively

Invesco Leisure & ENT ETF

HSBC Research estimates that Macau's March gaming revenue will reach a maximum of MOP 22.4 billion, continuing to recommend buying Sands China, Galaxy Entertainment, and MGM China

00200

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

MELCO INT'L DEV

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

UBS lowers target prices for gaming stocks, maintains a positive outlook on the Macau gaming industry, predicting a 5% growth in total gaming revenue this year. It expects growth of about 8% in the first half and a slowdown to 3% in the second half. The high-end market will continue to drive growth, with profit margin pressures gradually easing. The ratings for Sands China and MELCO INT'L DEV have been upgraded from "Neutral" to "Buy," with target prices lowered to HKD 20.4 and HKD 5.3, respectively

UBS lowers target price for Macau gaming stocks, upgrades Sands China Ltd. to "Buy," maintains a 5% revenue growth forecast for this year's gaming revenue

BEDZ

Dynamic Technology Lab Private Ltd increased its stake in Las Vegas Sands Corp. by 117.3% in Q3, owning 35,299 shares valued at $1.90 million. Other hedge funds also raised their positions in the company. Las Vegas Sands reported a quarterly EPS of $0.85, exceeding estimates, with revenue of $3.65 billion, up 26% year-over-year. The company declared a quarterly dividend of $0.30 per share, up from $0.25, with a yield of 2.2%. Insider sales included CEO Robert G. Goldstein selling over 1.19 million shares.

Market Beat

AdvisorShares Hotel ETF

Dynamic Technology Lab Private Ltd Has $1.90 Million Stock Holdings in Las Vegas Sands Corp. $LVS

Marina Bay Sands achieved its "best quarterly performance ever" in its latest results, while its competitor Resorts World Sentosa was affected by asset enhancement projects. Analysts expect that as the renovation projects are completed and new leadership initiatives are implemented, the gap between Sentosa and Sands will narrow. Genting Singapore's adjusted EBITDA for the fiscal year 2025 fell by 15% year-on-year, while Marina Bay Sands' profit increased by 42% year-on-year

Zaobao

Genting Sing

Marina Bay Sands performance "historically outstanding" Sentosa Resorts World expected to recover lost ground | Lianhe Zaobao

FLYU

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

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

Sands China has launched the Sands Responsible Gaming Academy in collaboration with the University of Macau to promote responsible gaming practices in Macao. The academy aims to enhance education on responsible gaming among team members and the community. The initiative includes a specialized training program for frontline workers and various community outreach activities. Sands China has committed over $1.1 million to responsible gaming research and education since 2006, emphasizing its dedication to corporate social responsibility and sustainable development in Macao.

Acceswire

Sands China Launches Sands Responsible Gaming Academy and University of Macau Collaboration

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

SEM HLDGS

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

ESPO

Sands China has updated its board composition, detailing roles of executive, non-executive, and independent directors, including the CEO and Chairman. The governance framework emphasizes structured oversight with five specialized committees led by independent directors. This structure aims to balance management influence with independent oversight in key areas like financial reporting and ESG issues. Analysts rate Sands China (HK:1928) stock as a Buy with a target price of HK$20.00, despite a year-to-date price performance of -9.64%.

Tip Ranks

VanEck Video Gaming and eSport ETF

Sands China Details Board Line-up and Committee Roles in Governance Update

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

Sands China announced that starting next month, paid maternity leave for female employees who have served for one year will be extended to 90 days, and paternity leave for male employees will be increased to 7 days. The company hopes that by extending maternity leave, it can provide employees with more time to care for newborns and families, while also introducing various parenting support measures, including up to 6 days of paid parental leave per year and a daily exemption of 1 hour from work within 90 days after the birth of a newborn

Starting next month, Sands China will extend maternity leave to 90 days and paternity leave for men will increase to 7 days

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

MBSANDS@EC2610A(26890.HK)

HSBC Research's Investment Ratings and Target Prices for Gaming Stocks (Table)

HSBC Research estimates that Macau's March gaming revenue will reach a maximum of MOP 22.4 billion, continuing to recommend buying Sands China, Galaxy Entertainment, and MGM China

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

UBS lowers target price for Macau gaming stocks, upgrades Sands China Ltd. to "Buy," maintains a 5% revenue growth forecast for this year's gaming revenue

Dynamic Technology Lab Private Ltd Has $1.90 Million Stock Holdings in Las Vegas Sands Corp. $LVS