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<Research>HSBC Research Expects MO Mar GGR to Be Max. MOP22.4B, Keeps Ratings at Buy on SANDS CHINA LTD/ GALAXY ENT/ MGM CHINA
Recommend 10 Positive 21 Negative 7 |
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Macau's GGR for the first eight days of March was MOP5.65 billion, implying a daily average GGR of MOP706 million, down 33% WoW, HSBC Global Research issued a research report saying. Non-gaming activities in Macau continuously recovered in the coming months, HSBC Global Research noted. If the daily average GGR can maintain between MOP680 million and MOP730 million in March, the GGR for March could reach MOP21.3-22.4 billion, representing a YoY growth of 8-14%. Therefore, the broker kept rating at Buy on SANDS CHINA LTD (01928.HK), with a target price of $22.5, anticipating that its ongoing initiatives will sustain market share gains to keep delivering results. HSBC Global Research also held an optimistic view on GALAXY ENT (00027.HK), and expected the Capella at Galaxy Macau to continuously support premium demand, with rating at Buy and a target price of $49. In addition, the broker kept rating at Buy for MGM CHINA (02282.HK), with a target price of $17. AASTOCKS Financial News Website: www.aastocks.com |
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