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ubs group: Residents of Zhuhai will have a "one trip a week" to Australia next year, which is a mild bullish signal for Macau gambling stocks, with Sands China as the top choice.
UBS Group released a research report stating that the National Immigration Administration announced that residents of Zhuhai can apply for the "One Week One Visit" to Macau starting January 1 next year; meanwhile, residents of the Hengqin Guangdong-Macao Deep Cooperation Zone will be able to visit Macau with a "multiple-entry" visa. The group believes that these actions are mildly bullish for Macau's gambling stocks, reflecting the central government's support for Macau. However, due to the limited coverage, it is expected that there will not be a significant increase in gambling revenue. The group remains bullish on Macau's gambling industry, with Sands China (01928) as the top pick.
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