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<Research>CLSA Estimates MO Mar GGR to Rise 9.7% YoY to MOP21.6B
Recommend 7 Positive 17 Negative 6 |
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According to a report from CLSA, Macau's GGR for February grew by 4.5% YoY to MOP20.6 billion, higher than the previously downgraded market forecast of 1% but lower than the broker's expectation of 7.4%. Despite weak performance from February 16 to 18, data showed Macau's GGR delivered a strong performance at the end of the month, which averaged MOP1.053 billion per day from February 23 to 28, indicating a robust start to March. CLSA predicts Macau's GGR for March to grow by 9.7% YoY to MOP21.6 billion, equivalent to a daily average of MOP696 million. This forecast, however, is 3% lower than the market expectation. GALAXY ENT (00027.HK) and MGM CHINA (02282.HK) remain CLSA's top picks. AASTOCKS Financial News |
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