HK Stock Market Move | Gambling stocks are generally rising. MGM China (02282) increased by more than 3%, while Melco International Development (00200) rose by more than 2%.

The gambling stocks are generally on the rise, as of the time of writing, MGM CHINA (02282) is up 3.68%, at 16.64 Hong Kong dollars; MELCO INT'L DEV (00200) is up 2.65%, at 5.04 Hong Kong dollars; Sands China (01928) is up 2.42%, at 21.16 Hong Kong dollars; GALAXY ENT (00027) is up 2.07%, at 40.52 Hong Kong dollars. In terms of news, a recent research report from JPMorgan pointed out that based on their verification, the total gambling revenue for the first 23 days of this month in Macau was 15.6 billion Macau dollars, with a daily average of 678 million Macau dollars. Although last week's daily revenue slowed by 4% due to a high base number, dropping to 642 million Macau dollars, the trend so far this month shows that revenue has grown by over 10% compared to November last year, reaching the upper limit of JPMorgan's forecast. This suggests that the bank's prediction of a 13% year-on-year growth in Macau's gambling revenue in the fourth quarter of this year has some room for upward movement. The bank believes that Macau's gambling revenue is slightly strong, but the stock prices of gambling companies are slightly low, and they are optimistic about the trends of gambling stocks next year.