UBS Group released a research report stating that the National Immigration Administration announced that residents of Zhuhai City can apply for a "weekly entry" to Macau starting January 1st next year; while residents of the Hengqin Guangdong-Macao Deep Cooperation Zone can have "multiple entries with one visa" to Macau.
The bank believes that the above actions are moderately bullish for Macau casino stocks, reflecting the central government's support for Macau. However, due to the limited coverage, it is unlikely to significantly increase gambling revenues. The bank remains bullish on the Macau gambling industry, with Sands China (01928) as the top choice.