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<Research>M Stanley: MO Jun GGR Beats; Jul GGR Estimated at MOP20.4B
Recommend 21 Positive 46 Negative 14 |
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Macau's GGR for June increased by 19% YoY to MOP21.1 billion, 9% above the expectations of Morgan Stanley and Hong Kong peers' analysts, according to Morgan Stanley's research report. This is believed to be driven by the low base in the same period of 2024 and a series of Jacky Cheung concerts. Morgan Stanley expected Macau's July GGR to reach MOP20.4 billion, up 10% YoY, and 2025 GGR to reach MOP238 billion, up 5% YoY. The broker preferred MGM CHINA (02282.HK) and Melco Resorts & Entertainment (MLCO.US), and projected GALAXY ENT (00027.HK) and SANDS CHINA LTD (01928.HK) to post strong EBITDA QoQ growth. AASTOCKS Financial News Website: www.aastocks.com |
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