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Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
Fulai: Macau's gambling revenue in September is still relatively low compared to summer months. Bullish on Galaxy Entertainment (00027).
Furui predicts that the National Day Golden Week will become a catalyst.
"Dahang" Furui: Macau's gambling revenue in September was still relatively low compared to the summer months, and it is expected that the negative macro environment in China will continue to drag down the valuation of the casino stocks.
According to Futu's research report, in the past week until September 15th, Macau's gambling revenue fell by about 4.5% to an average of 0.566 billion Macau dollars per day, which is similar to the level of 0.593 billion Macau dollars in the first eight days of this month. From the beginning of the month to the present, the mid-field and VIP room gambling revenue have fallen by 10% to 12% and 8% to 10% respectively, and the VIP room win rate is between 3.1% and 3.4%. The bank predicts that the average daily gambling revenue for the remaining time of this month will be between 0.52 billion and 0.58 billion Macau dollars, that is, the gambling revenue for September is expected to be 16.3 billion to 17.2 billion Macau dollars, a year-on-year increase of 9% to 15%, compared to the previous forecast of between 16.85 billion and 1
Hong Kong stocks continue to rise, Macau casinos benefit from the strong visitor traffic during the Mid-Autumn Festival, and the tourism industry in Macau expects to reach a new high of 0.13 million visitors in a single day during the National Day holiday
Macau casino stocks continue to rise. As of press time, Galaxy Entertainment (00027) rose 3.97% to HKD 30.10; MGM China (02282) rose 3% to HKD 10.03; Sands China (01928) rose 3.40% to HKD 14.60; Wynn Macau (01128) rose 2.81% to HKD 5.12.
Macau's tourism industry: Mid-Autumn Festival saw a high number of visitors, but the hotel occupancy rate did not increase significantly. It is expected that the National Day holiday may attract 0.13 million guests.
According to a recent report in Macao Daily, the Macao tourism industry believes that the number of visitors to Macao during the Mid-Autumn Festival this year is expected to surpass the pre-pandemic level of 2019. The Macao tourism industry is looking forward to the National Day holiday in October, with a daily average of 0.13 million visitors, setting a new post-pandemic record. Huang Hui, President of the Macao Leisure and Tourism Service Innovation Association, said that the number of visitors to Macao during the Mid-Autumn Festival is expected to be high due to the recent International Fireworks Display in Macao, which helps attract holiday visitors from Hong Kong and the Greater Bay Area, with the possibility of surpassing the pre-pandemic level. However, with the change in tourist structure and the convenience of transportation to Macao, most of the tourists are individual travelers, many of whom choose to arrive in Macao by means of leisure transportation.
Over 0.49 million visitors visited Macau during the last weekend to the day after Mid-Autumn Festival.
The Macao Public Security Police have released the data on the number of inbound and outbound travelers during the Mid-Autumn Festival holiday. From last Saturday (14th) to yesterday (18th), a total of 3.019 million people entered and exited Macao, with 1 million being tourists. Among them, there were 0.492 million inbound tourists, and both the border gate and the Hong Kong-Zhuhai-Macao Bridge recorded over 0.1 million inbound passenger flows. The number of outbound tourists was 0.507 million. Yesterday (18th), the day after the Mid-Autumn Festival, there were nearly 0.15 million inbound and outbound tourists in Macao, with inbound tourists accounting for 0.075 million.
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