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<Research>CLSA: MO Feb GGR Beats; Top Picks GALAXY ENT/ MGM CHINA
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Macau's GGR for February increased by 4.5% YoY to MOP20.6 billion, surpassing the previously lowered market consensus of 1% growth, CLSA issued a research report saying. Despite softer GGR data from 16-18 February, February's figures indicate strong tail-end demand, with an average daily GGR of MOP1.053 billion on 23-28 February. The Macau gaming sector is currently trading at 10.1x the projected 2026 EV/ EBITDA, CLSA added. GALAXY ENT (00027.HK) and MGM CHINA (02282.HK) remain the broker's top picks in the industry. AASTOCKS Financial News Website: www.aastocks.com |
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