UBS: The average daily gambling revenue in the past seven days slowed to MOP 643 million. Top picks are GALAXY ENT (00027), MGM CHINA (02282) and WYNN MACAU (01128).
Based on market forecasts, the average daily gambling revenue for November is estimated to be about 673 million Macau patacas. The average daily gambling revenue for the remaining seven days of this month is estimated to be about 656 million Macau patacas.
UBS released a research report stating that channel data shows that the average daily gambling revenue in Macau over the past seven days was approximately 643 million Macau patacas, a slight slowdown compared to the 671 million Macau patacas in the previous seven days, partly due to the low win rate in the VIP rooms. The average daily gambling revenue so far this month is around 678 million Macau patacas, a decrease of about 13% compared to the previous month, but an increase of about 10% year-on-year. Based on market forecasts, the average daily gambling revenue in November is expected to be around 673 million Macau patacas, with the remaining seven days of this month having an average daily gambling revenue of about 656 million Macau patacas. UBS stated that its top picks in the Macau gaming stocks are GALAXY ENT (00027), MGM CHINA (02282) and WYNN MACAU (01128), all rated as "buy".
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On November 25th, TENCENT (00700) spent 635.5 million Hong Kong dollars to repurchase 1.014 million shares.
BINHAI INV (02886) spent HK$11,200 to repurchase 10,000 shares on November 25th.
KWUNGS AROMA (01925) will distribute a special dividend of HK$0.05 per share on December 23rd.
