Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Predicts 6% Growth in MO GGR Next Yr, Lists SANDS CHINA LTD (01928.HK) as Top Pick
Recommend 4 Positive 14 Negative 9 |
||||
|
||||
|
With a rich array of concert events, luxurious new hotel offerings, and new baccarat side bets, Macau will remain the top travel destination for affluent mainland Chinese tourists, Citi Research issued a research report saying. Currently, the broker forecasted that Macau's 2026 GGR will grow by 6% YoY, with industry EBITDA expected to hike by 10% YoY, and the EBITDA profit margin to remain roughly flat YoY at around 29%. Citi Research listed SANDS CHINA LTD (01928.HK) as its sector top pick, and noted that SANDS CHINA LTD is expected to become the largest market share winner in 2026, with its share increasing by 1.6 ppts to 25.1%. The broker added its target price from $25.5 to $26.5. Furthermore, the broker also believed that, with the expansion of the Chairman's Club at Wynn Palace opens in 1Q26, WYNN MACAU (01128.HK)'s market share is expected to recover soon. Therefore, Citi Research listed it as the top pick among mid-sized casinos, and lifted its target price from $7.2 to $8.05. Citi Research's preference pecking order for other casinos is GALAXY ENT (00027.HK), MGM CHINA (02282.HK), Melco Resorts & Entertainment (MLCO.US) and SJM HOLDINGS (00880.HK), with target prices of $54/ $20/ US$13/ $2.3, respectively. Moreover, the broker kept Las Vegas Sands (LVS.US) as its global top pick among casinos, and raised its target price from US$75.5 to US$76.75, as it was optimistic about the improvement in Singapore operations and the recovery of Macau operations. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
