JP-GEG @EP2610A

Galaxy Entertainment Shows Strong Recovery Post-Pandemic and Pushes for Cotai Phase IV Development

Galaxy Macau Announces Hosting of UFC Fight Night

Morgan Stanley Downgrades Macau Gaming Stocks Ratings and Target Prices

JPMorgan Maintains Overweight Rating on Galaxy Entertainment

CLSA: Macau's February Gambling Revenue Up 4.5%, Predicts 9.7% Growth in March

HSBC Maintains Buy Rating on Galaxy Entertainment with Raised Target Price

Goldman Sachs Cuts Galaxy Entertainment Target Price But Maintains 'Buy' Rating

UBS report: Galaxy Entertainment Q4 2025 beats expectations

CLSA Maintains Silverlicious 'Outperform' Rating

GALAXY ENT released FY2025 9 Months Earnings on February 26, 2026 (BJT) with actual revenue of HKD 36.27 B and EPS of HKD 1.8155

GALAXY ENT released FY2025 Q3 earnings on February 26 (BJT), actual revenue HKD 13.02 B (forecast HKD 12.01 B), actual EPS HKD 0.6205 (forecast HKD 0.67)

Lui Yiu Tung, SJM Chairman, Comments on Lunar New Year Performance and Outlines Future Plans

GALAXY ENT released FY2025 Q4 earnings on February 26 During-Market (BJT), actual revenue HKD 13.02 B (forecast HKD 13.76 B), actual EPS HKD 0.6205 (forecast HKD 1)

GALAXY ENT released FY2025 earnings on February 26 During-Market (BJT), actual revenue HKD 49.29 B (forecast HKD 48.78 B), actual EPS HKD 2.436 (forecast HKD 2.4394)

JPMorgan Updates Preference and Ratings for Macau Casino Shares

JPMorgan Predicts 2% to 5% Year-on-Year Growth in Macau's February Gambling Revenue, Recommends Galaxy Entertainment Group Etc.

GALAXY ENT to release FY2025 earnings report on February 26, 2026, during market hours (BJT), forecast revenue HKD 48.78 B, EPS HKD 2.4394

Galaxy Entertainment Launches New Hotel Capella

Morgan Stanley Downgrades Macau Gaming Sector's Q4 2025 Forecast and Provides Individual Stock Ratings

Morgan Stanley Report: Macau's VIP Table Revenue Up 45% in Q4

FINELAND LIVING

GPIXEL

WK GROUP

MAX SIGHT GROUP

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Citigroup lowered its forecast for Macau's April gaming revenue to MOP 20 billion, citing that the win rate in VIP rooms is below normal levels. The report noted that Macau's gaming revenue for the first 19 days of April was approximately MOP 12.4 billion, with an average daily revenue of MOP 636 million, an increase of 1% compared to the previous week. It is expected that the average daily revenue for the remainder of the month will be MOP 691 million. Citigroup believes that the Weibo International Entertainment Gala may alleviate the weak gaming revenue before the Labor Day Golden Week

AASTOCKS

SANDS CHINA LTD

Melco Resorts & ENT

WYNN MACAU

GALAXY ENT

MGM CHINA

Galaxy Entertainment Group

SJM HOLDINGS

Sands China

VanEck Gaming ETF

Roundhill Sports Betting & iGaming ETF

Citigroup

Weibo

WB-SW

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Under the banner of "Big Banks," the forecast for Macau's April gaming revenue has been downgraded to MOP 20 billion

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The Hong Kong stock ADR is expected to open 366 points higher on Monday, reporting at 26,527 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CK Hutchison (-0.77%), CLP Holdings (0.50%), Hong Kong and China Gas (0.70%), Wharf Holdings (1.32%), HSBC Holdings (-1.88%), POWER ASSETS (-0.57%), PCCW (7.10%), Hysan Development (-0.40%), SHK PPT (-1.43%), New World Development (12.30%), Swire Properties A (-0.13%), BANK OF E ASIA (-2.06%), GALAXY ENT (-8.02%), Hang Lung Properties (0.12%), Geely Automobile (29.36%), CITIC Limited (-3.62%), Cathay Pacific Airways (-4.76%)

SHK PPT

POWER ASSETS

HKT-SS

CLP HOLDINGS

BANK OF E ASIA

WHARF HOLDINGS

The Hong Kong stock ADR is expected to open 366 points higher on Monday, reporting at 26,527 points

Reuters

Las Vegas Sands

Macau’s finance secretary resigns, citing 'personal reasons'

UBS expects that the EBITDA of the Macau gaming industry in the first quarter will grow by 10% year-on-year, reaching USD 2.1 billion. The report indicates that gaming revenue will increase by 14% year-on-year, reaching USD 8.14 billion, mainly driven by the growth in mass market gaming revenue. Sands China, WYNN MACAU, and Melco Resorts have seen an increase in market share, while SJM HOLDINGS, MGM CHINA, and GALAXY ENT have experienced a loss in market share. With no headwinds from one-time operating expenses, EBITDA grew by 4% quarter-on-quarter

UBS Group AG

UBS expects Macau's gaming industry EBITDA in the first quarter to increase by 10% year-on-year to USD 2.1 billion

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The Hong Kong stock ADR is expected to open 129 points higher this morning, reporting at 26,077 points. The relative stock prices of major companies' ADRs and the premium of Hong Kong stocks over ADRs are as follows: CK Hutchison 63.841 (premium 0.17%), CLP Holdings 74.886 (-0.65%), HK & China Gas 6.658 (9.19%), WHARF HOLDINGS 21.542 (1.10%), HSBC HOLDINGS 142.457 (-0.74%), POWER ASSETS 62.745 (1.52%), PCCW 6.032 (-0.70%), HENDERSON LAND 30.55 (0.29%), Sun Hung Kai Properties 139.12 (-1.16%), NEW WORLD DEV 7.649 (14.79%), SWIRE PACIFIC A 85.853 (-0.12%), BANK OF E ASIA 14.21 (-2.89%), GALAXY ENT 37.443 (-7.70%), HANG LUNG GROUP 9.447 (-0.29%), GEELY AUTO 19.133 (25.65%), CITIC Limited 13.317 (-1.85%), CATHAY PAC AIR 11.891 (-0.60%)

Hang Seng Index

PCCW

HANG LUNG GROUP

HSBC HOLDINGS

HENDERSON LAND

GEELY AUTO

CATHAY PAC AIR

HK & CHINA GAS

SWIRE PACIFIC A

NEW WORLD DEV

Hong Kong stocks ADR is expected to open 129 points higher this morning, reporting at 26,077 points

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Citigroup lowered its April Macau gaming revenue forecast to MOP 20.5 billion, citing that the win rate in VIP rooms is below normal levels. From April 1 to 12, gaming revenue was approximately MOP 7.95 billion, with an average daily revenue of about MOP 630 million, a decrease of 8% compared to the previous 7 days. Looking ahead, the concert of Thai singer Billkin and the Weibo International Entertainment Gala are expected to improve gaming revenue performance before the Labor Day Golden Week

Studio City

MGM Resorts

MELCO INT'L DEV

Wynn Resorts

Under the banner of "Big Banks," the forecast for April's gaming revenue in Macau has been downgraded to MOP 20.5 billion

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The Hong Kong stock ADR is expected to open 341 points higher this morning, reporting at 26,002 points. The relative stock prices and the premium of Hong Kong stocks over the American Depositary Receipts are as follows: CKH Holdings HKD 63.44 (-0.06%), CLP Holdings HKD 76.049 (-1.05%), HK & CHINA GAS HKD 6.771 (7.67%), WHARF HOLDINGS HKD 21.538 (-2.68%), HSBC HOLDINGS HKD 142.513 (-2.61%), POWER ASSETS HKD 64.928 (0.03%), PCCW HKD 5.984 (0.60%), HENDERSON LAND HKD 30.075 (0.62%), SUN HUNG KAI CO HKD 138.158 (-1.71%), NEW WORLD DEV HKD 7.636 (13.41%), SWIRE PACIFIC A HKD 86.388 (-0.04%), BANK OF E ASIA HKD 14.207 (-3.36%), GALAXY ENT HKD 37.312 (-7.86%), HANG LUNG PPT HKD 8.85 (4.07%), Geely Automobile HKD 19.13 (30.37%), CITIC Limited HKD 12.531 (1.67%), CATHAY PAC AIR HKD 11.717 (-2.19%)

SUN HUNG KAI CO

SWIRE PACIFIC B

CKH HOLDINGS

WHARF REIC

HANG LUNG PPT

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

GF CSI All Share Financials ETF

China Southern CSI All Share Real Estate ETF

The Hong Kong stock ADR is expected to open 341 points higher this morning, reporting at 26,002 points

The Hong Kong stock ADR is expected to open 12 points lower on Monday, reporting at 25,881 points. The relative stock prices of major companies' ADRs and the premium situation of Hong Kong stocks to ADRs are as follows: CK Hutchison Holdings at HKD 63.7 (premium 0.63%), CLP Holdings at HKD 75.374 (premium -0.83%), HK & China Gas at HKD 7.13 (premium 2.24%), Wharf Real Estate Investment Company at HKD 21.547 (premium 1.08%), HSBC Holdings at HKD 141.44 (premium -1.23%), Power Assets at HKD 64.217 (premium 1.06%), PCCW at HKD 5.986 (premium 0.23%), Henderson Land Development at HKD 30.4 (premium 1.12%), SHK PPT at HKD 140.092 (premium -0.99%), NEW WORLD DEV at HKD 7.745 (premium 15.56%), Swire Pacific A at HKD 87.989 (premium 0.24%), Bank of E Asia at HKD 14.213 (premium -2.20%), GALAXY ENT at HKD 34.522 (premium 1.85%), HANG LUNG GROUP at HKD 9.155 (premium 1.58%), Geely Automobile at HKD 19.137 (premium 30.53%), CITIC Limited at HKD 12.536 (premium 0.83%), CATHAY PAC AIR at HKD 11.792 (premium -0.02%)

China Southern Hang Seng ETF

The Hong Kong stock ADR is expected to open 12 points lower on the Hang Seng Index next Monday, reporting at 25,881 points

The Hong Kong stock ADR is expected to open 211 points higher this morning, reporting at 25,963 points. The prices of the ADRs of several stocks and their respective premiums relative to Hong Kong stocks are as follows: CK Hutchison (-0.08%), CLP Holdings (-1.46%), HK & China Gas (2.71%), Wharf Holdings (0.75%), HSBC HOLDINGS (-1.77%), POWER ASSETS (-1.79%), PCCW (-5.83%), HENDERSON LAND (0.43%), SHK PPT (-1.04%), New World Development (11.08%), Swire Pacific A (-2.17%), BANK OF E ASIA (-3.01%), GALAXY ENT (-6.63%), HANG LUNG GROUP (0.15%), Geely Automobile (27.44%), CITIC Limited (-1.76%), Cathay Pacific Airways (1.88%)

吉利汽车

The Hong Kong stock ADR is expected to open 211 points higher this morning, reporting at 25,963 points

Friedman downgraded Sands China Ltd. to "Hold," believing that although the solid start in early April supports the gaming stocks, the overall industry outlook is neutral and affected by geopolitical factors. The firm is optimistic about Wynn Macau and Galaxy Entertainment, predicting a 7.1% EBITDA growth for Wynn in fiscal year 2026 and a 9.7% growth for Galaxy

Credit Suisse downgraded Sands China Ltd. to "Hold," with Wynn Macau and Galaxy Entertainment as top picks in the gaming sector

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The Hong Kong stock ADR is expected to open low at 9 points this morning, reporting 25,884 points. The relative stock prices of major companies' ADRs and the premium situation of Hong Kong stocks to ADRs are as follows: CKH Holdings 63.004 (premium 0.15%), CLP Holdings 75.073 (-0.96%), HK & China Gas 6.583 (10.28%), Wharf Holdings 21.711 (1.33%), HSBC Holdings 141.478 (-2.03%), Power Assets 63.083 (0.42%), PCCW 6.387 (-6.69%), Henderson Land 29.857 (0.41%), SHK PPT 139.096 (-0.57%), New World Dev 8.373 (2.11%), Swire Pacific A 87.767 (-2.18%), Bank of E Asia 14.215 (-2.08%), Galaxy Ent 38.022 (-4.90%), Hang Lung PPT 9.278 (0.13%), Geely Auto 19.14 (24.45%), CITIC 12.303 (-0.43%), Cathay Pacific 11.88 (0.76%)

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The Hong Kong stock ADR is expected to open lower this morning, with the Hang Seng Index reported at 25,884 points

Citi released a research report, adjusting the investment ratings and target prices for gaming stocks. The target price for Galaxy Entertainment was lowered from HKD 49.5 to HKD 48, Sands China from HKD 22.9 to HKD 21.4, MGM China from HKD 20.9 to HKD 19.3, Wynn Macau from HKD 8.2 to HKD 6, Melco Resorts from USD 12.1 to USD 8.9, and SJM Holdings from HKD 2.9 to HKD 1.7

Investment Ratings and Target Prices for Gaming Stocks by Citigroup in "Big Banks" (Table)

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 @EP2610A(28443.HK)

JP-GEG @EP2610A Stock Performance Chart

Under the banner of "Big Banks," the forecast for Macau's April gaming revenue has been downgraded to MOP 20 billion

The Hong Kong stock ADR is expected to open 366 points higher on Monday, reporting at 26,527 points

Macau’s finance secretary resigns, citing 'personal reasons'

UBS expects Macau's gaming industry EBITDA in the first quarter to increase by 10% year-on-year to USD 2.1 billion

Hong Kong stocks ADR is expected to open 129 points higher this morning, reporting at 26,077 points