Glonghui, May 29 | Citi published a report stating that in a meeting with Macau's top six gaming companies, all gaming operators agreed that Macau's gambling revenue is still expected to grow. Expanding free travel cities in the mainland will drive a further increase in the number of travelers, while high-spending travelers maintain their willingness and ability to spend, and smart casino technology is also beneficial. As operating expenses are generally stable, operating leverage will come into play, and EBITDA growth is expected to accelerate. The bank believes that the valuation of Macau gaming stocks is only 9 times the predicted corporate value multiple (EV/EBITDA) for the next year, which is more than 1.5 standard deviations below the historical average. The current valuation level provides investors with a higher entry point and reaffirms its optimism about the prospects of the industry. The bank's target price for Galaxy Entertainment is HK$62.5, MGM China's target price is HK$8.4, MGM China's target price is HK$18.35, Sands China's target price is HK$27, Aobo Holdings's target price is HK$3.45, and Wynn Macau's target price is HK$9.75, all rated as “buy”.