The Zhitong Finance App learned that gaming stocks were generally rising today. As of press release, Huicai Holdings (01180) rose 4.94% to HK$0.85; MGM China (02282) rose 4.2% to HK$9.17; Xinhao International Development (00200) rose 3.17% to HK$8.14; Wynn Macau (01128) rose 1.78% to HK$7.44; Macau Holdings (00880) rose 1.39% to HK$3.66; Galaxy Entertainment (00880) rose 1.39% to HK$3.66; Galaxy Entertainment (002.272.227) rose 1.595% to HK$1.595 Hong Kong dollars.
According to the news, recently, a number of blogging companies have successively released their first-quarter results. Wynn Macau achieved total operating revenue of 600 million US dollars in the first quarter, an increase of 101 times over the previous year; the net gaming revenue of Macau Holdings in the first quarter was HK$3.705 billion, an increase of 57.7% over the previous year; MGM China's net revenue for the first quarter was US$618 million, an increase of 130% over the previous year; and total operating revenue for the first quarter was US$716.5 million, an increase of about 51% over the previous year. According to the previous research report of Motong Daikon, it continues to be optimistic about Macau gaming stocks. Although the momentum of related stocks has been weak recently, I still believe and hope that as gaming revenue gets higher and higher, better-than-expected fundamentals will eventually drive market sentiment and stock prices.