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Hong Kong stocks movement丨Casino stocks remain active, and the Macau Gambling industry's performance during the May Day holiday is strong.
On May 8th, according to Gelonghui, Hong Kong gaming stocks continue to rise, with MELCO INT'L DEV increasing by over 3%, marking a nearly 15% rise over three days. Sands China rose nearly 2%, while MGM CHINA, SJM HOLDINGS, WYNN MACAU, and GALAXY ENT followed suit. In terms of news, a JPMorgan research report indicated that Macau's Gambling total revenue (GGR) reached 1.02 billion Macau patacas in the first five days of May. Despite the high base figures from the same period last year, there was a strong year-on-year growth of 12%, returning to over 90% of the levels seen during the May Golden Week before the pandemic. This data significantly exceeded the expected average daily revenue of 0.85 billion Macau patacas, marking the largest surprise in many years.
Hong Kong market quick review | The three major Indexes showed mixed results, with the Hang Seng Index up 0.13%; Machinery and Mainland Real Estate stocks performed well, new stock Boleton surged over 38%, MORIMATSU INTL rose nearly 6%; RADIANCE HLDGS inc
Network Technology stocks declined, XIAOMI-W fell by 2.81%, Alibaba-W dropped by 2.02%; Casinos and Gaming stocks generally rose, MELCO INT'L DEV increased by 4.73%, SANDS CHINA LTD rose by 2.67%; Pharmaceutical stocks weakened, GRANDPHARMA rose by 13.36%, 3SBIO fell by 6.62%.
Macau Invest, Promotion and Development Bureau: The goal this year is to increase the number of international attendees at conferences and exhibitions by 15%.
Yu Yusheng from the Macao Trade and Investment Promotion Institute stated that this year's exhibition area has increased by about a quarter compared to last year, and many non-gambling elements have been added, reflecting that international large-scale exhibition companies have confidence in the Macao market, which is consistent with the direction of increasing non-gambling elements in the Macao economy.
MGM China Reports Slight Revenue Decline in Q1 2025
[Brokerage Focus] JPMorgan: The Macau Gambling industry performs strongly during the May Day holiday. Short-term favorite is MGM CHINA (02282).
Jinwu Financial News | JPMorgan's research report indicates that the total Gambling revenue (GGR) of Macau's Gambling industry reached 1.02 billion Macanese Patacas in the first five days of May. Despite facing a high base in the same period last year, it achieved a strong year-on-year growth of 12% and recovered to over 90% of the pre-pandemic level during the May Golden Week. This data significantly exceeded the expected daily average of 0.85 billion Macanese Patacas, marking the largest over-expectation performance in years, with growth especially encouraging. The report states that more than half of Macau's gaming companies have announced their first-quarter Earnings Reports, and the bank believes that the current stage of the Earnings Reports has limited stimulation to stock prices. The focus will be on management's interpretation of the sustainability of the over-expectation performance during the Golden Week.
Hong Kong Stock Afternoon Review | The three major indices had mixed performances, with the Hang Seng Index up by 0.49%; Chinese brokerages and Mainland Real Estate stocks were strong, with HOLLY FUTURES rising by over 56% and RADIANCE HLDGS increasing by
Network Technology stocks fell, XIAOMI-W dropped 2.62%, Alibaba-W fell 1.37%; Pharmaceutical stocks mostly declined, GRANDPHARMA rose 11.02%, 3SBIO fell 7.59%; Casinos and Gaming stocks increased, MELCO INT'L DEV rose 2.66%, WYNN MACAU rose 2.19%.
