Credit Suisse: Positive on Macau gaming stocks, bullish on Galaxy Entertainment Group (00027) and Sands China Ltd (01928).

date
17/09/2024
avatar
GMT Eight
The UBS research report pointed out that the number of new and young customers in Macau's gaming industry is increasing, therefore holding a positive attitude towards the Macau gaming industry stocks, and rated GALAXY ENT (00027) and Sands China (01928) as a "Buy", with target prices of HK$41.6 and HK$22.6 respectively. UBS stated that the Macau gaming industry is currently actively expanding market share through non-gaming activities, such as expanding sales teams, renovating entertainment venues, increasing dining services, and strengthening membership programs. So far, the measures implemented by GALAXY ENT seem to be the most effective, making better use of venues and increasing the number of marketing personnel, resulting in an increase in market share.

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