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Dahua Jixian: Sands China (01928) remains the top choice in the Macau gaming industry with a target price of HK$46 and a "buy" rating.
Daiwa Securities set the target price for Sands China at 46 Hong Kong dollars and for galaxy ent (00027) at 28.6 Hong Kong dollars, both with a "buy" rating.
Starting from today, Macau will issue the 'Transportation Union' nationwide pass, which can be used for public transportation in over 300 cities in mainland China.
According to a report by Macao Radio, starting today (the 4th), Macao will issue a national transit card featuring the "Transportation Union" logo. In addition to supporting public transportation in Macao with fare discounts, it can also be used in over 300 cities across China on major public transportation. Furthermore, starting today, Macao public buses will also accept payment with the national transit card issued by mainland China and Hong Kong; however, at this stage, national transit cards not issued in Macao will not enjoy fare discounts. The Macao Transport Bureau indicated that as the demand for Macao residents to work and travel in mainland China continues to increase, as well as the ongoing rise in the number of national tourists coming to Macao, the movement of people between the two places is increasing.
Silver Entertainment (00027.HK) Galaxy Art Center will hold the "iqiyi Night of Screams".
Under Silver Entertainment (00027.HK), the Galaxy Entertainment Gallery announced that it will host the annual entertainment extravaganza 'iQiyi Scream Night' produced by iQiyi (IQ.US) this Saturday (7th), gathering over a hundred performing artists, expected to make Macau a popular tourist destination. In 2023, the Galaxy Entertainment Gallery signed a strategic cooperation agreement with iQiyi, jointly committed to turning Macau into the 'Capital of Performing Arts'. iQiyi Scream Night has been held at the Galaxy Entertainment Gallery for three consecutive years since 2023.
HSBC Research: Strengthening infrastructure and expanding visa arrangements between Zhuhai/Hengqin and Macau are long-term bullish factors. Preferring mgm resorts international (02282.HK) and Sands China (01928.HK).
HSBC research released a research report indicating that data shows Macau's total gambling revenue in November was approximately 18.4 billion patacas, exceeding the bank's previous forecast of 17.5 billion to 18.3 billion patacas. The daily average for November was about 0.615 billion patacas, with the average revenue improving to 0.641 billion patacas in the last 13 days compared to 0.594 billion patacas in the first 17 days. This is believed to be driven by the Macau Grand Prix and improvements in high-end mid-range revenue. HSBC research noted that although November's gambling revenue fell by 11% month-on-month, this decline narrowed compared to the historical average drop of about 14%, and it is anticipated that Macau's continued hosting of diverse non-gambling activities will help offset seasonal effects.
Consumer potential has been validated by data! Hong Kong stock tourism concept stocks have been popular for several consecutive days, with meilan airport rising nearly 13%.
① Hong Kong stocks in the travel concept sector have been popular for several days; what bullish factors are driving the sector's trends? ② The potential for travel consumer spending has been validated; how do institutions view it?
The Hengqin Light Rail Line opened today. Macao Light Rail: Helping Macao actively integrate into the one-hour living circle of the Greater Bay Area.
"Macau Radio" reported that the Macau Light Rail Hengqin Line officially started operation today (2nd), with a total length of about 2.2 kilometers, featuring two stations, "Lianhua Station" and "Hengqin Station", with a travel time of about 2 minutes and a train every 6 minutes. The chairman of the Macau Light Rail Company's board of directors, He Jiangqi, stated that the opening of the Hengqin Line signifies the connection of rail transportation between the two places, making it more convenient for integration and exchange, assisting Macau in more actively integrating into the 1-hour living circle of the Greater Bay Area of Guangdong, Hong Kong, and Macau. He also mentioned that the Macau Light Rail Company will do its best to operate the Hengqin Line, continuously optimize and improve service quality, strengthen safety management, and ensure that passengers enjoy a comfortable travel experience, contributing more to public mass transportation."
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