Macau casino stocks continue to rise. As of the publication deadline, Galaxy Entertainment (00027) rose 3.97% to HKD 30.10; MGM China (02282) rose 3% to HKD 10.03; Sands China (01928) rose 3.40% to HKD 14.60; Wynn Macau (01128) rose 2.81% to HKD 5.12.
According to the Smart Finance APP, Macau casino stocks continue to rise. As of the publication deadline, Galaxy Entertainment (00027) rose 3.97% to HKD 30.10; MGM China (02282) rose 3% to HKD 10.03; Sands China (01928) rose 3.40% to HKD 14.60; Wynn Macau (01128) rose 2.81% to HKD 5.12.
On the news side, according to the Macau Public Security Police's data on the Mid-Autumn Festival holiday, a total of 3.019 million people entered and exited Macau from September 14th to 18th, with 1 million of them being travelers. Among them, 0.492 million were inbound travelers, and more than 0.1 million inbound passenger flows were recorded at the checkpoints and the Hong Kong-Zhuhai-Macao Bridge port; the number of outbound passengers was 0.507 million. According to the Macau Daily, some industry insiders in the Macau tourism industry believe that the number of visitors to Macau during the Mid-Autumn Festival this year is flourishing, and there may be an opportunity to surpass the pre-epidemic level in 2019. The Macau tourism industry is looking forward to the "Golden Week" National Day holiday with a daily average of 0.13 million visitors, reaching a post-epidemic daily high.
UBS Group released a research report pointing out that the number of new customers and young customers in Macau's casino industry has increased, so they hold a positive attitude towards Macau casino stocks. They rated Galaxy Entertainment and Sands China as "buy" with target prices of HKD 41.6 and HKD 22.6 respectively. In addition, Goldman Sachs quoted news that both Galaxy Entertainment and MGM China have revealed that the hotel room booking rate during the National Day Golden Week has exceeded 90%.