According to a report published by Grand Hui on October 26, Daiwa said that according to its survey, visitors and gambling revenue in Macau continued to slow after Golden Week, with an average daily gambling revenue of about MOP 130 million from the beginning of this month to the 23rd. Since there have been no major changes in the border policy between Macau and Zhuhai since September, the forecast that Macau's average daily gambling revenue in October will be between 130 million and MOP 150 million is maintained.
Daiwa said that the recent decline in Macau gaming stock prices is believed to be a good opportunity for long-term investors to absorb. In terms of short-term valuations to reevaluate shares, the bank is optimistic about MGM China (2282.HK) and Melco Boa (MLCO.US); both companies rate “buy.” In the long run, Daiwa continues to prefer midfield-centered companies with more non-gaming elements. Sands China (1928.HK) and Galaxy Entertainment (0027.HK) have the same ratings as “buy.”