Golden Finance News | Macau casino stocks are all rising, with Sands China (01928) up 10%, Wynn Macau (01128) up 6.06%, Galaxy Entertainment (00027) up 6.04%, SJM Holdings (00880) up 5.11%, MGM China (02282) up 4.23%, Melco Int'l Dev (00200) up 4.18%.
Macau Government Tourism Office Director Maria Helena de Senna Fernandes pointed out that as of last week, the overall hotel booking rate in Macau during the National Day holiday is about 70%. Among them, 5-star hotels are almost fully booked, while other star-rated hotels are expected to receive orders gradually this week. If the weather continues to be pleasant, it is expected that during the National Day Golden Week, the daily average number of visitors to Macau could exceed the previous forecast of 0.1 million person-times.
Credit Suisse believes that the fundamentals of Macau casino stocks still remain resilient. The recent stimulus economic policies in China are favorable for investors' sentiment, and it is believed that this will also benefit Macau casino stocks.
