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<Research>UBS Prefers GALAXY ENT/ WYNN MACAU; MO GGR Stable in Early Jan
Recommend 9 Positive 23 Negative 6 |
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According to UBS' channel checks, Macau's GGR averaged around MOP693 million per day over the past seven days due to calendar effects, lower than the around MOP800 million for the first four days of this month, the broker wrote in its research report. This resulted in a solid average daily GGR of around MOP732 million MTD, marking a growth of about 24% YoY or about 9% MoM, outperforming the seasonal MoM growth of about 2% observed in 2015-19. UBS prefers GALAXY ENT (00027.HK) and WYNN MACAU (01128.HK) as its top picks in the sector. AAStocks Financial News |
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