Glonghui, May 24, 丨According to the Motong Development Research Report, the first quarterly performance of Haotong Stock's post-pandemic restart was better than expected. The bank reiterated its optimism about the Macau gaming industry, choosing Bank Entertainment (0027.HK) and Sands China (1929.HK). The remaining stocks selected were MGM China (2282.HK); Wynn Macau (1128.HK) and Xinhao International (0200.HK); Macau (0880.HK). Motong predicts that mid-market gambling revenue in the industry is expected to fully return to pre-epidemic levels in the late quarter of this year, two quarters earlier than expected; VIP room demand will also exceed pre-epidemic levels. On the profit side, since future operating expenses are fixed, it is expected that revenue will continue to accelerate until EBITDA. In terms of market share, MGM is still expected to lead, with a market share of over 12% next year. Based on the first-quarter results of the six Ohori gambling stocks, the bank raised its annual EBITDA forecast by an average of 21%, the biggest increase in more than 10 years. However, the average annual EBITDA increase was only 5%, due to concerns about macro-level concerns and weak mainland consumer sentiment. The bank said that based on the expected market forecast increase, it continues to believe that the fundamentals of Haobang's stock are better than expected, will completely boost investment sentiment and stock prices, and further get rid of its overly cheap valuation label.