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<Research>Macquarie: GALAXY ENT the Only MO Casino Operator with Mkt Shr Growth in Oct
Recommend 30 Positive 58 Negative 37 |
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Based on third-party data, Macau's November GGR is estimated to be MOP16.9-17.9 billion, representing a YoY increase of 5-12%, but a MoM decline of 14-19%, Macquarie wrote in its research report. GALAXY ENT (00027.HK) saw its market share hike by 4 ppts to 21% in October, making it the only Macau casino operator to record market share growth during the period. Management attributed this to a concert held by movie star Andy Lau during the National Day Golden Week. Macquarie's ratings and target prices for major casino stocks are listed as follows: Stock | Rating | Target Price GALAXY ENT (00027.HK) | Outperform | $50.7 SANDS CHINA LTD (01928.HK) | Outperform | $26.4 MGM CHINA (02282.HK) | Outperform | $17.3 WYNN MACAU (01128.HK) | Outperform | $8.9 Melco (MLCO.US) | Outperform | US$10 SJM HOLDINGS (00880.HK) | Neutral | $2.6 AAStocks Financial News |
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