Core Insights - Macau's July gaming revenue reached MOP 22.1 billion, representing a year-on-year increase of 19% and a month-on-month increase of 5%, marking a post-pandemic high and exceeding market expectations by 5% [1] - The revenue has recovered to 90% of the levels seen in 2019, indicating a strong rebound in the gaming sector [1] - The firm has revised its full-year gaming revenue forecast for Macau upwards by 4% to MOP 242 billion, which implies a year-on-year growth of 7% and a recovery to 83% of 2019 levels [1] Company Ratings - The firm maintains an "Overweight" rating on the Macau gaming industry, continuing to favor Galaxy Entertainment (00027) with a target price of HKD 43 and a "Buy" rating [1] - Sands China (01928) is also given a "Buy" rating with a target price of HKD 22 [1]

智通财经APP获悉，大华继显发布研报称，澳门7月博彩收入为221亿澳门元，同比升19%，环比增5%， 创下疫情后的新高，并超出市场预期5%，恢复至2019年水平的90%。该行考虑到澳门博彩收入持续回 升，将澳门今年全年博彩收入预测上调4%至2420亿澳门元，意味着同比增长7%，并恢复至2019年水平 的83%。该行维持对澳门博彩行业的增持评级，继续首选银河娱乐(00027) ，维持目标价43港元及"买 入"评级。另外，该行予金沙中国(01928) "买入"评级，目标价22港元。 ...

大华继显发表研究报告指，澳门7月赌收为221亿澳门元，按年升19%，按月增5%，创下疫情后的新 高，并超出市场预期5%，恢复至2019年水平的90%。 该行考虑到澳门赌收持续回升，将澳门今年全年赌收预测上调4%至2420亿澳门元，意味着按年增长 7%，并恢复至2019年水平的83%。该行维持对澳门博彩行业的增持评级，继续首选银河娱乐，维持目 标价43港元及"买入"评级。另外，该行予金沙中国"买入"评级，目标价22港元。 ...

Group 1 - Gaming stocks are rising against the trend, with MGM China up 6.67% to HKD 16.64, Melco International Development up 4.02% to HKD 5.44, Sands China up 1.82% to HKD 19.06, and Galaxy Entertainment up 1.32% to HKD 38.45 [1] - MGM China reported total revenue of HKD 8.667 billion for Q2, a year-on-year increase of 8.89%, and total revenue of HKD 16.661 billion for the first half of the year, up 2.73% year-on-year [1] - The adjusted EBITDA for Q2 reached HKD 2.511 billion, marking a year-on-year growth of 2.79%, setting a new record [1] Group 2 - Citigroup raised the target price for MGM from HKD 17.1 to HKD 18 while maintaining a "Buy" rating [1] - Citigroup maintains a forecast for July 2025 GGR at MOP 21 billion, which is approximately 86% of the July 2019 level, with a year-on-year growth of 13% [1] - Macquarie recently increased its forecast for total gaming revenue in Macau for 2025 by 5% to MOP 235.7 billion, representing a year-on-year growth of 4% [1]

Group 1 - The gaming stocks are rising against the trend, with MGM China increasing by 6.67% to HKD 16.64, Melco International Development up by 4.02% to HKD 5.44, Sands China rising by 1.82% to HKD 19.06, and Galaxy Entertainment up by 1.32% to HKD 38.45 [1] - MGM China reported total revenue of HKD 8.667 billion for Q2, a year-on-year increase of 8.89%, and total revenue of HKD 16.661 billion for the first half of the year, up 2.73% year-on-year [1] - The adjusted EBITDA for Q2 reached HKD 2.511 billion, marking a year-on-year growth of 2.79%, setting a new record [1] Group 2 - Citigroup raised the target price for MGM from HKD 17.1 to HKD 18 while maintaining a "Buy" rating [1] - Citigroup maintains the forecast for July 2025 gross gaming revenue (GGR) at MOP 21 billion, which is approximately 86% of the July 2019 level, with a year-on-year growth of 13% [1] - Macquarie recently increased its forecast for total gaming revenue in Macau for 2025 by 5% to MOP 235.7 billion, representing a year-on-year growth of 4% [1]

格隆汇7月29日丨银河娱乐(00027.HK)宣布，银娱将于2025年8月12日（星期二）举行董事会会议，藉以 （其中包括）批准刊发银娱及其附属公司截至2025年6月30日止六个月的未经审核中期业绩公布，考虑 宣派、建议或支付股息（如有）及处理任何其他事项。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：27） 香港，二零二五年七月二十九日 GALAXY ENTERTAINMENT GROUP LIMITED 於本公佈日期，銀娛之執行董事為呂耀東先生（主席）、徐應強先生、鄧呂慧瑜女士 及呂慧玲女士；銀娛之非執行董事為張惠彬博士；以及銀娛之獨立非執行董事為顏 志宏先生、葉樹林博士、黃龍德教授及萬卓祺先生。 銀河娛樂集團有限公司 網址： www.galaxyentertainment.com （於香港註冊成立之有限公司） 董事會會議召開日期 銀河娛樂集團有限公司（「銀娛」）之董事會（「董事會」）謹此宣佈，銀娛將於 二零二五年八月十二日（星期二）舉行董事會會議，藉以（其中包括）批准刊發 銀娛及其附屬公司截至二零二五年六月三十日止六個月之未經審核中期業績公佈， 考慮宣派、建議或支付股息（如有）及處理任何其他事項。 承董事會命 銀河娛樂集團有限公司 公司秘書 冼李美華 ...

Group 1: Market Trends - The paper sector continues its upward trend, with Nine Dragons Paper (02689.HK) leading the gains, rising over 9% after announcing a price increase of 30 CNY/ton for corrugated paper and recycled cardboard starting August 1, reflecting an optimized supply-demand structure in the industry [1] - The brokerage sector saw collective strength, with major Chinese brokerages like Dongfang Securities (03958.HK) and Zhongyuan Securities (01375.HK) rising over 6% and 5% respectively, indicating significant capital inflow into the sector [1] - Urban Beauty (02298.HK) surged 13% as its online GMV for 2024 is projected to reach 1.57 billion CNY, marking a 100% year-on-year increase, showcasing the effectiveness of its new retail transformation [1] Group 2: Company Performance - China Duty Free Group (01880.HK) soared 17% after Macquarie's report indicated a narrowing year-on-year revenue decline from 19.5% in Q4 2024 to 11% in Q1 2025, with a stable gross margin of 33% [1] - The gaming sector experienced a broad increase, with companies like 澳博控股 (00880.HK) and 银河娱乐 (00027.HK) rising over 3%, supported by UBS data showing Macau's average daily gaming revenue in July at 683 million MOP, a 14% year-on-year increase [2] - 雍禾医疗 (02279.HK) saw a 13% increase after forming a strategic partnership with Meituan Health to build a medical-grade hair health service system [2] Group 3: Real Estate and Financing - The Hong Kong real estate sector collectively strengthened, with Country Garden (02007.HK) leading with nearly a 10% rise, driven by improved financing conditions as indicated by the People's Bank of China's report showing a recovery in real estate loan growth [3] - Meilan Airport (0357.HK) rose 10% as CITIC Securities highlighted the significance of Hainan's trade opening, which is expected to benefit the local tourism industry [3] Group 4: Gold Sector Decline - The gold sector faced pressure, with companies like 潼关黄金 (00340.HK) and 大唐黄金 (08331.HK) dropping over 4%, attributed to a decline in spot gold prices below 3,380 USD/oz, driven by reduced safe-haven appeal due to easing trade tensions [4] Group 5: US Market Highlights - Futu Holdings (FUTU.US) rose 2.82% after announcing a long-term strategic partnership with Huaxia Fund to promote the integration of traditional finance and blockchain technology [5] - Japanese automotive stocks surged, with Toyota (TM.US) and Honda (HMC.US) rising over 13% following news of a trade agreement reducing tariffs on Japanese cars [6] - Nuclear power stocks in the US saw significant gains, with Oklo Inc (OKLO.US) rising 9.21%, reflecting a growing interest in nuclear energy [5]

据了解，"中证沪港深主题指数系列基于中证沪港深互联互通综合指数样本和中证沪港深 500 指数样 本，同时结合中证行业分类的主题定义，选取相应主题指数样本，从多种主题投资的角度反映了在沪港 深三地上市的互联互通范围内证券的整体表现。"该指数以2004年12月31日为基日，以1000.0点为基 点。 金融界7月14日消息，A股三大指数收盘涨跌不一，中证沪港深互联互通休闲指数 (沪港深通休闲， H30560)报7122.06点。 数据统计显示，中证沪港深互联互通休闲指数近一个月下跌0.16%，近三个月上涨1.62%，年至今上涨 1.65%。 从指数持仓来看，中证沪港深互联互通休闲指数十大权重分别为：贵州茅台（9.61%）、腾讯控股 （9.57%）、美团-W（8.07%）、五粮液（7.18%）、快手-W（5.16%）、百胜中国（3.84%）、泸州老 窖（2.61%）、山西汾酒（2.58%）、银河娱乐（2.29%）、哔哩哔哩-W（1.36%）。 从中证沪港深互联互通休闲指数持仓的市场板块来看，香港证券交易所占比42.95%、深圳证券交易所 占比32.22%、上海证券交易所占比24.83%。 从中证沪港深互联互通休闲指数 ...

GALAXY ENTERTAINMENT GROUP LIMITED 銀河娛樂集團有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：27） 授出股份獎勵 董事會宣佈銀娛已授出根據獎勵計劃合共524,000份股份之股份獎勵，惟須待承 授人接納方告作實。 本公告乃根據《香港聯合交易所有限公司證券上市規則》（「上市規則」）第17.06A條作 出。 授出股份獎勵 銀河娛樂集團有限公司（「銀娛」）董事會（「董事會」）謹此宣佈，銀娛已向若干僱員參 與者（「承授人」）授出根據銀娛於二零二三年五月二十二日採納的股份獎勵計劃（「獎 勵計劃」）合共 524,000 份銀娛股份（「股份」）之股份獎勵（「股份獎勵」），惟須待承授 人接納方告作實。 授出股份獎勵詳情如下︰ | 授出的股份數目: | 524,000 | | --- | --- | | 授出日期: | 二零二五年七月十一日 | | 股份獎勵的購買價: | 接納所支付 ...