Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00027 GALAXY ENT
RTNominal down39.300 -0.300 (-0.758%)
Research Report

12/11/2019 17:42

{I-bank focus}Macau Nov GGR may disappointing; Dec uncertain

[ET Net News Agency, 12 November 2019] Jefferies Research citing its sources said that
November GGR in Macau as of 10 November was estimated to be MOP750m per day, with on-going
VIP weakness offset only partially by stronger mass.
The research house's sources estimated November GGR to be MOP22.1-23.1bn or 8%-12%
decline. Based on the mid-point, this outcome would be lower than 2017 levels and would be
disappointing.
Jefferies added that December's GGR could reflect volatility/uncertainty due to Macau's
new Chief Executive officially taking office, but it believes the market could shift focus
to 2020.
Jefferies said valuation levels for the stocks are toward the lower end of the
historical range which implies they are largely risk-adjusted. It favors Wynn Macau
(01128) and Sands China (01928) longer-term. Although it believes Sands China's earnings
are likely to be impacted by renovations of Sands Cotai Central/Londoner, the higher
exposure to mass and non-gaming should outweigh this impact. (KL)

Remark: Real time quote last updated: 28/03/2024 16:15
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.