Glonghui, January 4 | According to UBS Research and Development Report, MSCI Hong Kong has rebounded about 34% in the past two months due to Greater China's reopening schedule earlier than expected. Since mainland visitors accounted for 71% and 78% of the total number of visitors to Macau and Hong Kong in 2019, respectively, Macau gaming and Hong Kong retail will mainly benefit from a strong recovery in demand starting from the Lunar New Year. As the wave of the epidemic in China subsides and border policies are relaxed, Samsonite (1910.HK) should also benefit from higher tourism demand in Asia. It also indicates that the reopening will accelerate closer to the upward scenario expected by the bank. The bank believes that MSCI Hong Kong's current valuation is reasonable. It expects its profit to increase by 24% and 8% year-on-year after falling 12% year-on-year last year. It also continues to be optimistic about the beneficiaries of the reopening. It also pointed out that Sands China (1928.HK) has risen more than 105% since October 22, removing Sands China from its preferred list and replacing it with Xinhao Boya Entertainment to obtain a better risk-return ratio.