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《大行》大摩:放寬港澳旅遊簽注對濠賭股輕微正面

DBS: Easing Hong Kong and Macau travel visa restrictions slightly positive for Macau gambling stocks.

AASTOCKS ·  Nov 29 15:36

The National Immigration Administration announced that starting from January 1 next year, residents of Zhuhai with household registration can apply for the "One Trip a Week" to Macau; while residents of the Hengqin Guangdong-Macau Deep Cooperation Zone can apply for "One Visa Multiple Entries" to Macau.

Morgan Stanley published a report stating that the measures above are moderately bullish for Macau's gaming stocks and should help residents of Zhuhai and those in the Hengqin Guangdong-Macau Deep Cooperation Zone to travel to Macau more frequently. However, Zhuhai or the Hengqin Guangdong-Macau Deep Cooperation Zone is not a major source of contributions to Macau's gaming industry. The firm also believes this move may help stabilize industry sentiment, as this is the fourth "gift" from the central government to Macau this year following the earlier facilitation measures for mainland travel to Macau.

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