JP-GEG @EC2609B

HARBOUR DIGITAL

HUILI RES

51WORLD

GF HEALTHCARE

CONGYU INTE AGR

KWONG MAN KEE

160 HEALTH

DOUMOB

METASURFACE

PETRO-KING

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

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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

MELCO INT'L DEV

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

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The Hong Kong stock ADR is expected to open 77 points lower this morning, reporting at 25,244 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH Holdings (premium 0.41%), CLP Holdings (premium 0.06%), HK & China Gas (premium 2.46%), Wharf Holdings (premium 1.53%), HSBC Holdings (premium -0.13%), Power Assets (premium -2.80%), PCCW (premium -3.08%), Hysan Development (premium 0.32%), SUN HUNG KAI CO (premium 0.16%), NEW WORLD DEV (premium 9.66%), Swire Pacific A (premium 0.47%), BANK OF E ASIA (premium 5.77%), GALAXY ENT (premium -6.07%), HANG LUNG PPT (premium 4.65%), Geely Automobile (premium -20.61%), CITIC Limited (premium -1.88%), CATHAY PAC AIR (premium 1.86%)

HANG LUNG PPT

CKH HOLDINGS

HSBC HOLDINGS

SUN HUNG KAI CO

HANG LUNG GROUP

CATHAY PAC AIR

SHK PPT

NEW WORLD DEV

BANK OF E ASIA

POWER ASSETS

HK & CHINA GAS

SWIRE PACIFIC A

PCCW

WHARF HOLDINGS

The Hong Kong stock ADR is expected to open 77 points lower this morning, reporting at 25,244 points

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

The report from Jefferies pointed out that Macau's total gaming revenue in February was MOP 20.6 billion, a year-on-year increase of 4% and a month-on-month increase of 1%, which was below expectations. Nevertheless, Jefferies maintains a "Buy" rating on Galaxy Entertainment, believing that its fourth-quarter performance will meet expectations and that it will perform strongly during the Lunar New Year period. Capital expenditures are expected to increase in 2026

Credit Suisse: Macau's February gaming revenue is below expectations, maintaining a "Buy" rating on Galaxy Entertainment

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HSBC

Hong Kong stocks ADR is expected to open 147 points higher this morning, at 26,208 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CKH Holdings HKD 62.591 (premium 0.09%), CLP Holdings HKD 74.63 (premium -0.64%), Hong Kong and China Gas HKD 7.275 (premium 3.92%), Wharf Holdings HKD 25.19 (premium 0.60%), HSBC Holdings HKD 140.39 (premium -0.49%), Power Assets HKD 62.114 (premium 1.10%), PCCW HKD 6.164 (premium -4.77%), Henderson Land HKD 34.695 (premium 0.42%), Sun Hung Kai Properties HKD 145.662 (premium -0.45%), New World Development HKD 9.466 (premium 6.80%), SWIRE PACIFIC A HKD 82.375 (premium -0.21%), Bank of East Asia HKD 13.496 (premium 7.29%), Galaxy Entertainment HKD 39.506 (premium 1.55%), HANG LUNG PPT HKD 9.857 (premium -0.17%), Geely Automobile HKD 19.107 (premium -17.46%), CITIC HKD 12.305 (premium -0.45%), Cathay Pacific Airways HKD 13.502 (premium -0.16%), China Gas

CLP HOLDINGS

SWIREPROPERTIES

CITIC

HENDERSON INV

WHARF REIC

SWIRE PACIFIC B

CHINA GAS HOLD

HENDERSON LAND

Hang Seng Index

PCPD

ChinaAMC Hang Seng ETF

TRACKER FUND

FL2 CSOP HSI

FI2 CSOP HSI

Hong Kong stocks ADR expect the Hang Seng Index to open 147 points higher this morning, reporting at 26,208 points

Galaxy Entertainment Group (SEHK:27) reported strong 2025 results and a higher final dividend, attracting attention despite recent share price declines. The stock is trading at a P/E of 16.5x, slightly above its fair value estimate, indicating it may be undervalued. While the 1-year total shareholder return is 28.16%, longer-term returns have been weaker. The SWS DCF model suggests a modest cushion below the estimated cash flow value of HK$41.89, prompting investors to consider the balance of risks and potential rewards before making decisions.

Simplywall

A Look At Galaxy Entertainment Group (SEHK:27) Valuation After Strong 2025 Results And Higher Final Dividend

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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

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

In a report released yesterday, from Huatai Securities maintained a Buy rating on Galaxy Entertainment Group, with a price target of HK$48.00.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential The word on The Street in general, suggests a Strong Buy analyst consensus rating for Galaxy Entertainment Group with a HK$47.88 average price target.

Tip Ranks

Huatai Securities Reaffirms Their Buy Rating on Galaxy Entertainment Group (GXYEF)

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

JP-GEG @EC2609B(27009.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)

The Hong Kong stock ADR is expected to open 77 points lower this morning, reporting at 25,244 points

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