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<Research>UBS Names GALAXY ENT/ MGM CHINA/ WYNN MACAU as Top Picks; MO Gaming Demand Still Stable in Early Nov
Recommend 9 Positive 21 Negative 8 |
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According to UBS' channel inquiries, Macau's GGR averaged around MOP711 million per day for the first nine days of November, roughly in line with the daily average of about MOP715 million following the National Day Golden Week, matching the early November seasonality of around an 1% increase in the average daily GGR, compared to the post-National Day Golden Week GGR run-rate, reflecting a strong demand environment. The market is expecting Macau's GGR to average around MOP673 million per day in November, meaning that the daily average for the remaining 21 days of this month will be around MOP657 million. UBS has selected GALAXY ENT (00027.HK), MGM CHINA (02282.HK), and WYNN MACAU (01128.HK) as its industry top picks. AAStocks Financial News |
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