Lyon: It is expected that Macau's gambling revenue will increase by 9.7% year-on-year to 21.6 billion Macau patacas in March.

Lyon released a research report stating that Macau's total gambling revenue in February increased by 4.5% year-on-year to 20.6 billion Macau patacas, slightly higher than the previously lowered market forecast by 1%, but lower than the bank's expectation of 7.4%. Despite the weak performance of total gambling revenue from February 16 to 18, data from February showed strong performance towards the end, with daily total gambling revenue reaching 1.053 billion Macau patacas from February 23 to 28, indicating a stable start in March. The bank expects Macau's total gambling revenue in March to increase by 9.7% year-on-year to 21.6 billion Macau patacas, equivalent to a daily total gambling revenue of 696 million Macau patacas. The bank's forecast for March is 3% lower than the market forecast. GALAXY ENT (00027) and MGM CHINA (02282) remain the bank's top stock picks.