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.
MGM Resorts International and MGM China to Speak at Leveraged Finance Conference
Reuters Reported Earlier, Macau's Chief Executive-elect Sam Hou Fai, Announced Team To Govern Gambling Hub
Express News | Macau Says November Gambling Revenue up 14.9 Pct From a Year Earlier to 18.4 Bln Patacas
Should You Hold MGM Resorts International (MGM)?
mgm china (02282.HK) spent 1.288 million Hong Kong dollars on repurchasing 0.133 million shares on November 29th.
On November 29, Grunt Hub announced that mgm china (02282.HK) spent 1.288 million Hong Kong dollars to repurchase 0.133 million shares on November 29.