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<Research>UOB Kay Hian Raises MO GGR Forecast by 1% for This Yr
Recommend 8 Positive 15 Negative 4 |
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Macau's GGR for September was charted at MOP18.3 billion, down 17% MoM but up 6% YoY, reaching approximately 83% of the level in the same period of 2019, 3% below street consensus, UOB Kay Hian said in a research report, attributing this to the impact of Super Typhoon Ragasa, which prompted all casinos in Macau to suspend operations for 33 hours and disrupted inbound transportation. The broker lately expected that the National Day Golden Week holiday in October will make the month strong, and therefore raised the full-year GGR forecast by 1% to MOP245 billion, representing an 8% YoY growth, reaching approximately 84% of the 2019 level. It also maintained an Overweight rating on the Macau gaming sector. AASTOCKS Financial News Website: www.aastocks.com |
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