by winston » Tue Jan 03, 2017 1:14 pm
<Research Report>C Suisse: Macau Dec GGR Slightly Below Estimates; Overall Growth Ongoing
Credit Suisse, in its report, said that Macau's gross gaming revenue (GGR) amounted to MOP19.8 billion in December 2016, representing a yearly rise of 8%.
The figure was slightly below the estimates of rising 10% and consensus of increasing 9%.
However, the gaming revenue was still the second highest in the year of 2016, despite being an eased growth as compared with that of 14% rise in November 2016. The overall uptrend is ongoing.
The research house said that Macau gaming stocks will see catalysts in the near term, including 4Q16 results announcement and seasonally strong Chinese New Year holiday.
It is recommended to accumulate Macau gaming stocks at a low level, with orders of preference being GALAXY ENT (00027.HK), MPEL, MGM CHINA (02282.HK) and SANDS CHINA LTD (01928.HK).
Source: AAStocks Financial News
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