Morgan Stanley expects Macau's December gambling revenue to grow by 22% and is optimistic about MGM CHINA

AASTOCKS
2025.12.02 02:34

Morgan Stanley released a report stating that Macau's gaming revenue in November was MOP 21.1 billion, a year-on-year increase of 14%, better than the market expectation of a 10.5% increase.

The bank predicts that Macau's gaming revenue in December will grow by 22%, which means that the overall gaming revenue for the fourth quarter will increase by 17% year-on-year and 8% quarter-on-quarter. In comparison, the year-on-year growth rate for the second quarter was 8%, and for the third quarter, it was 12.5%, indicating a significant acceleration in growth momentum. There is a high possibility of upward adjustments to the profit forecasts for gaming stocks.

The report noted that since May, Macau gaming stocks have recorded significant upside due to positive earnings forecast revisions and valuation recovery. In terms of stock selection, the bank has rated MGM CHINA (02282.HK) as "Overweight," as the company's market share increased in October, which the bank believes is beneficial for the entire sector

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.