Glonghui, May 7 | Macquarie published a research report quoting third party data. The average daily revenue (ADR) of the Macau gaming industry for the first 5 days of May was MOP 910 million. At the same time, it was pointed out that although many travellers' itineraries have been cancelled due to the recent bad weather in Macau and Guangdong, the ADR level since May is still 47% higher than the previous month. Macquarie assumes that the ADR for the rest of May will be between MOP 580 million and MOP 650 million. Coupled with third-party data estimates, Macau's total gaming revenue in May will reach 19.6 billion to MOP 21.5 billion, or 76% to 83% of 2019 levels. Macquarie added that the number of visitors to Macau during the Labor Day holiday and hotel occupancy rates were slightly lower than expected. Among them, the average number of inbound visitors per day was 120,800, about 7% lower than the government's earlier forecast, and only accounted for 76% in 2019. Macquarie said that GEG is the bank's first choice for the Macau gaming industry. Mainly based on the company's strong property reserves and extensive inventory of hotel rooms. The bank set a target price of GEG H shares at HK$59.3, giving it a “outperforming the market” rating.