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The Macau Casino stocks have risen, with MGM CHINA (02282) increasing by 6.6%. During the May Day holiday, the number of incoming tourists to Macau exceeded 0.85 million.
King Wu Finance | Macau Casino stocks rose overall, MGM CHINA (02282) increased by 6.6%, SANDS CHINA (01928) rose by 3.8%, WYNN MACAU (01128) climbed by 2.84%, MELCO INT'L DEV (00200) gained 2.17%, and GALAXY ENT (00027) advanced by 1.56%. Data released by the Macao SAR Government Public Security Police Force on May 6 showed that from May 1 to May 5, there were a total of 3.754 million entries and exits at various ports in Macao, with over 0.85 million inbound visitors to Macao, averaging 0.17 million per day. In terms of ports, inbound visitors primarily entered Macao through the Gongbei Port.
Daiwa Capital Markets: Maintain a "Shareholding" rating for the Macau Gambling Sector, with GALAXY ENT (00027) as the top choice.
In the first quarter of this year, the number of travelers to Macau increased by 11% year-on-year, recovering to 95% of the 2019 level.
Morgan Stanley: Hold a defensive strategy for the gaming stocks and selectively absorb. In the short term, it is recommended to go long on MGM CHINA (02282).
In the short-term outlook, JPMorgan adopts a defensive strategy, recommending to buy MGM CHINA (02282) with a Target Price of HKD 13.5, due to its strong profitability and relative value and yield performance.
Express News | Macau Says April Gambling Revenue up 1.7 Pct From a Year Earlier to 18.9 Bln Patacas
Express News | Galaxy Macau Launches 'timeless Flavors of Macau' in Tributes to Local Culinary Heritage
Galaxy Entertainment Group (HKG:27) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Ascends 3.3% This Past Week