The Zhitong Finance App learned that gaming stocks fell collectively. As of press release, Wynn Macau (01128) fell 11.91% to HK$6.14; Aobo Holdings (00880) fell 4.41% to HK$2.6; Xinhao International Development (00200) fell 3.93% to HK$5.13; Sands China (01928) fell 3.53% to HK$20.5; Galaxy Entertainment (00027) fell 3.51% to HK$42.55.

According to a report published by HSBC, the midmarket market is expected to return to 107% of 2019 levels next year. Although the bank previously worried that the surge in international tourism might affect Macau, the number of travelers to Thailand has been weak, while other popular countries have only recovered moderately. Competition and reinvestment remain reasonable and provide a buffer for profits. If Macau can maintain revenue in the fourth quarter of this year, the gaming industry's EBITDA is expected to increase 24% year on year next year.

The bank generally lowered the target price of Macau gaming stocks, lowering the target price of Sands China from HK$37 to HK$32.5; lowering the target price of Aobo Holdings from HK$3.7 to HK$3; lowering Galaxy Entertainment's target price from HK$62 to HK$56.5; and lowering the target price of Wynn Macau from HK$9.5 to HK$8.5. However, MGM China's rating was upgraded from “hold” to “buy,” and the target price was raised from HK$11.6 to HK$13.