Glonghui, April 17 | J.P. Morgan Chase published a research report using “differentiation” to describe Hao Gaming stocks and their operations. Due to a lack of industry catalysts, the bank will continue to focus on finding industry leaders through bottom-up analysis. MGM China and Wynn Macau are the main “additional” stocks. The target price for the former was raised from HK$17 to HK$18, while the target price for the latter was raised from HK$9 to HK$10.5. Additionally, the bank downgraded the Melco International Development Rating from “neutral” to “reduced holdings”, and the target price was reduced from HK$5.5 to HK$4.5; Galaxy Entertainment downgraded from “overholding” to “neutral”, and the target price was reduced from HK$54 to HK$43. The report also lowered Sands China's target price from HK$29 to HK$27.5, giving it an “additional” rating; and raised the target price for the Australian Expo from HK$2.5 to HK$3, giving it a “neutral” rating. The bank ranked Macau Macau Gaming shares as MGM China and Wynn Macau (ranked as the preferred stock), followed by Sands China, Macau Expo, and Banking Entertainment, and finally, Melco International.