Related News Citi Keeps Forecast of MO GGR in Nov at MOP16B HSBC Global Research's ratings and target prices on Macau casinos in its research report are listed below: Therefore, HSBC Global Research raised its 20 EBITDA forecasts by 9% and 8% respectively, and was more confident in its long-term performance. HSBC Global Research said that MGM CHINA maintains its market share. However, it upgraded its rating on MGM CHINA (02282.HK) -0.180 (-1.885%) Short selling $2.41M Ratio 9.219% from Hold to Buy, and raised its target price from $11.6 to $13. HSBC Global Research broadly cut its target prices for Macau casinos.
Related News HSBC Global Research Foresees MO Casinos To Sustain Momentum in 2024 Sands Upgraded to OW The focus of visitors is shifting to non-gaming activities such as concerts.Īs tourists continue to visit Macau, albeit at a more moderate pace, operators with more hotel rooms and gaming tables can realize more sustainable growth over the long term as they could better cater to the large number of low-spending players. HSBC Global Research issued a research report saying that the average spending per player is declining, following the reopening of Macau.
