Macquarie expects that the performance of the Macau gaming stocks will still fluctuate with the gaming revenue data, with Galaxy Entertainment as the top pick

AASTOCKS
2025.05.13 02:21

Macquarie published a research report indicating that industry data shows that as of May 11, the average daily gaming revenue in Macau was approximately MOP 575 million for the past week, a year-on-year decrease of 1%, reflecting a rapid return to normal levels after the long holiday. The report cites estimates from third-party data providers, suggesting that the average daily gaming revenue for the remainder of this month will be between MOP 570 million and MOP 630 million, implying that the gaming revenue forecast for May will reach MOP 20 billion to MOP 21.2 billion, equivalent to a year-on-year decrease of 1% to an increase of 5%.

Macquarie stated that Galaxy Entertainment (00027.HK) performed strongly during the May Day Golden Week, while Melco Resorts & Entertainment (MLCO.US) still has growth momentum after the holiday. It is expected that the stock performance of gaming stocks will continue to fluctuate with gaming revenue data, with Galaxy Entertainment being the industry favorite, optimistic about its strong property development and ample hotel room inventory. It also indicated that Sands China (01928.HK) is expected to gain more market share in the second quarter of this year, maintaining an "outperform" rating

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.