HK Stock Market Move | Collective surge in gaming stocks, Sands China (01928) up over 5% Wynn Macau (01128) up over 4%

The gambling sector as a whole has seen an increase. As of the time of writing, Sands China (01928) rose by 5.04% to 18.98 Hong Kong dollars; WYNN MACAU (01128) rose by 4.6% to 6.59 Hong Kong dollars; MELCO INT'L DEV (00200) rose by 4.45% to 4.69 Hong Kong dollars; GALAXY ENT (00027) rose by 3.94% to 38.48 Hong Kong dollars. In terms of news, CICC maintains its forecast for total Macau gambling revenue in 2025 while also raising its forecast for 2026, predicting a 9% and 5% year-on-year growth in total gambling revenue for the next two years, recovering to 84% and 88% of the level in 2019. The bank expects a 7% and 6% year-on-year increase in mid-game gambling revenue for the next two years, recovering to 119% and 126% of the 2019 level, respectively; and predicts a 19% year-on-year increase in VIP gambling revenue in 2025, followed by a 5% year-on-year decrease in 2026, recovering to 29% and 28% of the 2019 level, respectively. Huatai believes that despite brief disruptions from typhoons during the National Day holiday and the end of September, the estimated number of visitors to Macau after excluding the weather impact is basically in line with the Macau government's expectations, surpassing the level of the same period in 2019; daily gambling revenue during the National Day holiday also achieved a slight year-on-year increase. The bank believes that post-holiday sector driving factors include policy dividends such as the "one signature, multiple trips" between Zhuhai and Macau, the wealth effects of the "Golden Stock Coin" boosting consumer willingness to spend, as well as the synergistic effects of non-gambling activities like the NBA China Games and the National Games.