Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Tweaks MO Feb GGR Forecast, Selects GALAXY ENT as Top Pick
Recommend 19 Positive 28 Negative 18 |
||||
|
||||
|
According to a report from JPMorgan, Macau's GGR for the first 22 days of February reached MOP14.3 billion based on its checks, with a daily average of MOP650 million. Last week's daily average GGR, which included both the quiet and peak periods of the Lunar New Year holiday, was MOP785 million, below JPMorgan's expectation of MOP850 million. Given the mixed performance during the Lunar New Year, JPMorgan slightly adjusted its February GGR forecast to be flat to a 2% increase YoY (previously forecasted to grow by 2-5%). Excluding seasonal and calendar factors, Macau's GGR for the first two months of 2026 is expected to grow by 12-13% (previously forecasted to grow by 13-14%), consistent with the broker's and the market's industry forecasts. JPMorgan updated its latest preference order for Macau casino stocks: GALAXY ENT (00027.HK), the broker's top pick with an Overweight rating > MGM CHINA (02282.HK), rated Overweight > SANDS CHINA LTD (01928.HK), rated Overweight > WYNN MACAU (01128.HK), rated Overweight. Melco Resorts & Entertainment (MLCO.US) was rated Neutral, while MELCO INT'L DEV (00200.HK) and SJM HOLDINGS (00880.HK) were both rated Underweight. AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
