CICC: Maintained a "outperform industry" rating for csc development, with 3Q24 performance meeting expectations.
CICC released research reports stating that it maintains the unchanged net income forecast for csc development (00830) in 2024/2025. The bank maintains its "outperform industry" rating and target price of 2.8 Hong Kong dollars, unchanged, corresponding to 8.2x/6.3x 2024 estimated /2025 estimated P/E ratios. The company's Q3 2024 performance meets the bank's expectations. Looking ahead, the bank believes it is expected to benefit fully from the construction of large-scale projects such as the Hong Kong Northern Metropolis Area. In addition, it is bullish on the BIPV business becoming a new source of income growth during the "14th Five-Year Plan" period. CICC's main points are as follows: The company announced its Q3 2024 performance, which basically met expectations. csc development 1-3
Wells Fargo Maintains MGM Resorts International(MGM.US) With Buy Rating, Cuts Target Price to $47
Barclays Maintains MGM Resorts International(MGM.US) With Buy Rating, Cuts Target Price to $54
HSBC Research estimates that Macau's gambling revenue in October will be between 21.4 billion and 22.3 billion Macau patacas, showing a preference for Silver Entertainment (00027.HK) and mgm china (02282.HK).
HSBC released a research report indicating that Macau's gaming revenue for the first 13 days of October was 11 billion Macau dollars (hereinafter referred to as "MOP"), meaning an average daily gaming revenue of 0.643 billion MOP over the past week, a 42% weekly decrease. Part of the related performance was due to a decrease in foot traffic after the National Day Golden Week holiday in October, with the drop consistent with a 40% average weekly decline in the second week of October after the Golden Week. When segmented by market, VIP gaming revenue increased by 42% to 44% per month, with VIP win rates ranging from 3.2% to 3.5%; while mass market gaming revenue increased by 38% to 42% per month. The bank predicts that the average daily gaming revenue for the remaining days of October in Macau will range from 0.58 billion to 6.3 billion.
6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative'
MGM Resorts Is Maintained at Market Outperform by JMP Securities