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Hong Kong Stock Market Midday Review | The Hong Kong Stock Market is aggressively rising! The Hang Seng Index has returned to the 19,000 mark, and the Technology Index has increased by more than 2%; Network Technology stocks are rebounding strongly, with
Network Technology stocks are rising, with MEITUAN-W up 4.44% and KUAISHOU-W up 4.12%; Biotechnology stocks are also climbing, with BEIGENE up 8.82% and Junshi Biosciences up 6.46%; Autos stocks are all up, with LEAPMOTOR up 15.00% and YADEA up 5.60%;
According to HSBC Research, since January, Macau's daily gaming revenue has increased by 11% compared to December of last year, showing a preference for MGM CHINA (02282.HK) and Silver (00027.HK).
HSBC Research published a report indicating that revenue from gambling for the first 12 days of January was 7.8 billion Macau Patacas (same below). Due to the favorable demand trends for the Lunar New Year, the average daily gambling revenue so far this month is 11% higher than December of last year. The bank continues to prefer MGM CHINA (02282.HK), believing that the group has better investment capital returns, and is bullish on Galaxy Entertainment (00027.HK), considering that the opening of the Galaxy Macau will help Galaxy Entertainment expand its high-end mass market share and enhance competitiveness. Both are rated "Buy," with target prices of 17 and 51.5 respectively.
Hong Kong stock movement | Most Macau Casino stocks have rebounded, MGM CHINA (02282) has risen over 4%, Thai cabinet approves gambling legalization.
Most Macau Casino stocks are rebounding. As of the time of writing, MGM CHINA (02282) rose by 4.17%, reporting HKD 10.48; PARADISE ENT (01180) increased by 3.57%, reporting HKD 0.87; WYNN MACAU (01128) saw a rise of 2.24%, reporting HKD 5.48.
Barry Diller Will Once Again Lead IAC
Hong Kong stock market midday review | All three major Indexes fell over 1%, Semiconductors and Golden Industrial Concept rose against the trend, with Semiconductor Manufacturing International Corporation increasing nearly 4% and SD GOLD rising nearly 3%.
The Network Technology stocks weakened, MEITUAN-W fell by 4.43%, and Baidu Group-SW dropped by 2.90%; Apple Supplier stocks generally declined, TK GROUP HLDG fell by 5.66%, and BYD Electronics dropped by 4.60%; Biotechnology stocks generally fell, WUXI XDC dropped by 11.67%, and EVEREST MED-B fell by 10.84%;
The Three-year Underlying Earnings Growth at MGM Resorts International (NYSE:MGM) Is Promising, but the Shareholders Are Still in the Red Over That Time