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Citi: Maintains forecast of 18 billion yuan total gaming revenue in Macau this November.
The Macau Government Tourism Office expects that the upcoming Macau Grand Prix will attract over 0.4 million tourists.
HK stocks fluctuate | Macau casino stocks generally fell today. Gambling revenue in November may significantly decline month-on-month. Large institutions say retail remains weak.
Macau casino stocks fell today, as of the time of publication, Sands China (01928) fell by 5.11%, closing at HK$19.5; Galaxy Ent (00027) fell by 4.17%, closing at HK$34.45; mgm china (02282) fell by 4%, closing at HK$9.59; wynn macau (01128) fell by 4.06%, closing at HK$5.67.
Morgan Stanley: Latest rating and target price of Macau casino stocks (table). Galaxy Ent (00027) was the only market share growth in October.
Galaxy Ent (00027) saw a 4 percentage point increase in market share in October to 21%, the only Macau gaming enterprise to achieve market share growth during the period. Management attributed this to the concert held by the movie star Andy Lau during the National Day Golden Week.
Morgan Stanley: Galaxy Entertainment Group (00027.HK) is the only market share growth Macau gaming company in October.
According to third-party data, Morgan Stanley's research report estimates that Macau's gambling revenue in November is between 16.9 billion yuan and 17.9 billion Macau yuan, equivalent to a year-on-year increase of 5% to 12%, but a monthly decrease of 14% to 19%. SJM Holdings (00027.HK) saw its market share in October rise by 4 percentage points to 21% monthly, making it the only Macau gaming company to record market share growth during this period. Management attributed this to the concert held by movie star Andy Lau during the National Day golden week. The bank pointed out that the trend of gambling revenue in November weakened due to seasonal factors, while the recovery of inbound tourists met expectations. As of November 10th, the number of visitors has exceeded 30 million.
K. Wah International Chairman Passes Away
Jia Hua's obituary stated that Lv Zhihe made outstanding contributions to the post-war reconstruction and economic development of Hong Kong.
galaxy ent (00027.HK) and the founder and chairman of Kah Wah Group, Mr. Lv Zhihe, passed away last Thursday (7th), at the age of 95. Kah Wah Group expressed deep sorrow in the obituary, stating that Mr. Lv Zhihe loved the country, Hong Kong, and Macau throughout his life. He was a highly respected entrepreneur and philanthropist. The Kah Wah Group, founded by him, also upholds the concept of integrity and innovation, and wholeheartedly contributes to the country's development. The obituary from Kah Wah Group also mentioned that Mr. Lv Zhihe was hailed as the 'King of Rock Mining', and made outstanding contributions to post-war construction and economic development in Hong Kong. Since founding Kah Wah Company in 1955, he has been involved in the reclamation of East Kowloon and was involved in the mining of Anderson Road in the 1960s.
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