Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>M Stanley Expects MO May GGR to Stay Flat YoY, Sees Downside Risk for Casinos' Consensus EBITDA
Recommend 12 Positive 23 Negative 8 |
||||
|
||||
|
Macau's GGR rose by 1.7% YoY to MOP18.86 billion last month, reaching 80% of the level seen in April 2019, Morgan Stanley wrote in its report. The growth rate outpaced the 0.8% and 0.5% seen in March and 1-2M25 respectively. The broker predicted Macau's GGR to stay flat YoY at MOP20.2 billion this month. The report also mentioned that SANDS CHINA LTD (01928.HK) and MGM CHINA (02282.HK) reported a 15% YoY drop in 1Q adjusted EBITDA. With Macau's GGR growing less than 5% YoY, the broker expected continued downward revisions to the market's earnings forecasts for casino stocks, and that there would be a risk to the market's forecasts of a 5% YoY decline in 1Q EBITDA and a 5% YoY increase in the full-year EBITDA. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
