Core Viewpoint - The Macau gaming stocks experienced a significant decline in the afternoon trading session, attributed to lower-than-expected gaming revenue growth for September and October, influenced by typhoon-related disruptions [1] Group 1: Stock Performance - Sands China (01928) fell by 4.13%, trading at HKD 20.44 [1] - Galaxy Entertainment (00027) decreased by 3.29%, trading at HKD 38.84 [1] - SJM Holdings (00880) dropped by 3.19%, trading at HKD 3.03 [1] - Melco International Development (00200) declined by 3.32%, trading at HKD 5.24 [1] Group 2: Revenue Data - The Macau Gaming Inspection and Coordination Bureau reported that the gross gaming revenue (GGR) for September was MOP 18.289 billion, reflecting a year-on-year increase of 6% [1] - Morgan Stanley noted that the total gaming revenue for September was MOP 18.3 billion, which was below market expectations of 9% growth due to a 33-hour casino shutdown caused by a typhoon [1] Group 3: October Performance Insights - According to JPMorgan, the GGR for the first five days of October reached MOP 5.5 billion, with an average daily revenue of approximately MOP 1.1 billion, marking the best performance for the Golden Week in five years [1] - However, this represented only a 3% year-on-year increase compared to a high base last year, falling short of both JPMorgan's and market expectations [1] - Visitor numbers during October 1-5 remained flat, with a 25% drop in visitors on October 5 due to the typhoon, further impacting GGR growth [1] - JPMorgan maintains a positive outlook, projecting a year-on-year GGR growth of 11% to 13% for October, estimating it could reach MOP 23 billion, the highest in six years [1]

Core Viewpoint - The Macau gaming stocks experienced a significant decline in the afternoon trading session, with major companies like Sands China, Galaxy Entertainment, and Melco International all reporting losses due to disappointing gaming revenue figures for September and early October [1]. Group 1: September Gaming Revenue - The Macau Gaming Inspection and Coordination Bureau reported that the gross gaming revenue (GGR) for September was MOP 18.289 billion, reflecting a year-on-year increase of 6% [1]. - Morgan Stanley noted that the total gaming revenue for September was MOP 18.3 billion, which was below both market expectations and their own forecast by 9% [1]. - The decline in revenue was attributed to a 33-hour closure of casinos due to a typhoon, impacting overall operations [1]. Group 2: October Performance - According to JPMorgan, the GGR for the first five days of October reached MOP 5.5 billion, averaging MOP 1.1 billion per day, marking the best performance for the Golden Week in five years [1]. - However, this represented only a 3% year-on-year increase compared to a very high base from the previous year, falling short of both the bank's and market expectations [1]. - Visitor numbers during this period remained flat, with a 25% drop on October 5 due to the typhoon, further hindering GGR growth [1]. - JPMorgan projects that the GGR for October could increase by 11% to 13%, reaching MOP 23 billion, which would be the highest in six years [1].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新濠國際發展有限公司 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00200 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 2,275,025,632 | | | | 2,275,025,632 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 2,275,025,632 | | 0 | | 2,275,025, ...

Group 1 - The Hang Seng Index fell by 0.61%, down 164 points, closing at 26,976 points, while the Hang Seng Tech Index dropped by 1.2% [1] - International gold prices reached a new historical high, leading to significant gains in the precious metals sector, with China Silver Group rising over 20% and Zijin Mining International increasing by over 5% [1] - Xinjiang Xinxin Mining surged over 12%, with a year-to-date increase exceeding 300%, and plans to issue A-shares [1] - Bitcoin surpassed $125,000, setting a new historical high, which positively impacted cryptocurrency-related stocks, with OK Blockchain rising over 14% and Boya Interactive increasing by over 10% [1] - Hesai Technology (Hesai-W) rose over 4%, marking the production of its one-millionth LiDAR unit by the end of September [1] - Beijing Bluebird Universe soared over 58% as its subsidiary JBD partnered with AMAT and Thunderbird Innovation to enhance AR glasses display quality [1] - Yunfeng Financial increased by over 7%, collaborating with Anthea to explore blockchain-based insurance products [1] - Dingdang Health surged by 26%, continuing to expand its innovative drug portfolio with multiple new products recently launched [1] - Shuangdeng Co. rose over 9%, driven by increased energy demand for storage solutions, being a key supplier for Alibaba's data center storage [1] Group 2 - Hua Hong Semiconductor rose over 5%, reaching a new high with an eight-day consecutive increase, as institutions noted advanced manufacturing capacity as a scarce resource [2] - Gaming stocks experienced a significant decline, with Macau's September gambling revenue growing by only 6%, falling short of expectations, and further impacted by a typhoon during the Golden Week [2] - New World Development dropped by 5.4%, while MGM China fell by 4.45% [2]

Core Viewpoint - The Hong Kong gaming stocks experienced a significant decline on October 6, with major companies reporting substantial drops in their stock prices [1] Company Summaries - New World Development (00200.HK) saw a decrease of 6.51%, trading at HKD 5.46 [1] - MGM China (02282.HK) fell by 5%, with shares priced at HKD 15.58 [1] - Sands China (01928.HK) dropped 4.42%, currently at HKD 20.34 [1] - Galaxy Entertainment (00027.HK) declined by 3.65%, with a share price of HKD 40.6 [1]

Group 1 - The core viewpoint of the article highlights a significant decline in gaming stocks, with major companies like Melco International Development, MGM China, Sands China, and Galaxy Entertainment experiencing notable drops in their stock prices [1] - In September, Macau's gross gaming revenue reached 18.289 billion MOP, reflecting a year-on-year increase of 6%. For the first nine months of the year, the total gross gaming revenue amounted to 181.341 billion MOP, up 7.1% year-on-year [1] - Morgan Stanley's report indicates that Macau's total gaming revenue for September was 18.3 billion MOP, which was below market expectations and the bank's forecast of 9% growth, primarily due to a 33-hour casino shutdown caused by Typhoon "Mekhdum" [1] Group 2 - The third quarter's gaming revenue in Macau reached 62.6 billion MOP, showing a year-on-year growth of 12.5% and a quarter-on-quarter increase of 2.4% [1] - The strong quarterly performance is expected to support the profit margins of gaming companies and lead to upward revisions in earnings forecasts [1]

Group 1 - The gaming stocks experienced a significant decline, with New World Development down 6.51% to HKD 5.46, MGM China down 5% to HKD 15.58, Sands China down 4.42% to HKD 20.34, and Galaxy Entertainment down 3.65% to HKD 40.6 [1] - In September, Macau's gross gaming revenue (GGR) was reported at MOP 18.289 billion, reflecting a year-on-year increase of 6%. For the first nine months of the year, the cumulative GGR reached MOP 181.341 billion, up 7.1% year-on-year [1] - The impact of Typhoon "Mekhdum" during the Golden Week led to a temporary suspension of casino operations for 33 hours, which contributed to the lower-than-expected revenue figures [1] Group 2 - Morgan Stanley's report indicated that Macau's total gaming revenue for September was MOP 18.3 billion, which was 6% higher year-on-year but fell short of market expectations by 9% [1] - The third quarter's total gaming revenue in Macau reached MOP 62.6 billion, marking a year-on-year increase of 12.5% and a quarter-on-quarter rise of 2.4% [1] - The strong quarterly performance is expected to support the profit margins of gaming companies and lead to upward revisions in earnings forecasts [1]

Group 1 - The core point of the news is that Macau's gaming stocks have collectively declined, with specific companies experiencing notable drops in their stock prices [1] - As of the report, Melco International Development fell by 5.1% to HKD 5.77, Wynn Macau dropped by 2.68% to HKD 6.9, MGM China decreased by 2.22% to HKD 16.31, and Galaxy Entertainment fell by 2.05% to HKD 42.04 [1] - The Macau Gaming Inspection and Coordination Bureau reported that the gross gaming revenue (GGR) for September was MOP 18.289 billion, reflecting a year-on-year increase of 6% [1] Group 2 - For the first nine months of the year, Macau's total gross gaming revenue reached MOP 181.341 billion, which is a year-on-year increase of 7.1% [1] - Morgan Stanley's report indicated that the total gaming revenue for September was MOP 18.3 billion, which was below both market expectations and the bank's forecast of 9% growth, primarily due to a 33-hour casino shutdown caused by a typhoon [1] - The third quarter's total gaming revenue was MOP 62.6 billion, showing a year-on-year growth of 12.5% and a quarter-on-quarter increase of 2.4% [1] Group 3 - Citigroup noted that the September gaming revenue of MOP 18.289 billion corresponds to an average daily revenue of MOP 610 million, reaching 83% of the levels seen in the same period of 2019 [2] - The reported figure was slightly below Citigroup's expectation of MOP 18.5 billion and 3% lower than the market consensus of MOP 18.8 billion [2] - Looking ahead to October, Citigroup forecasts total gaming revenue to reach MOP 23 billion, representing an 11% year-on-year increase, with an average daily revenue of MOP 742 million [2]

花旗指出，澳门9月博彩总收入同比增长6%至182.89亿澳门元，相当于每日平均收入6.1亿澳门元，达 2019年同期水平的83%。数字大致符合该行预期的185亿澳门元，但较市场共识的188亿澳门元低3%。 展望10月，花旗预计博彩总收入将达230亿澳门元，同比增长11%，相当于每日平均收入7.42亿澳门 元。当中，国庆黄金周8天期间的每日收入料达10.5亿澳门元，与今年五一黄金周水平相若；10月9日至 12日期间料达每日8亿澳门元，其余时间则为每日6.33亿澳门元。 智通财经APP获悉，博彩股集体走软，截至发稿，新濠国际发展(00200)跌5.1%，报5.77港元；永利澳门 (01128)跌2.68%，报6.9港元；美高梅中国(02282)跌2.22%，报16.31港元；银河娱乐(00027)跌2.05%，报 42.04港元。 消息面上，10月1日，澳门博彩监察协调局公布，9月份澳门幸运博彩毛收入为182.89亿澳门元，同比增 长6%。今年前9个月澳门博彩毛收入累计达1813.41亿澳门元，同比升7.1%。大摩发布研报称，澳门9月 博彩总收入为183亿澳门元(下同)，同比增长6%，逊于市场及该行预期的9%，主 ...

Market Performance - The Hong Kong stock market experienced a significant rise, with the Hang Seng Index closing up 1.89% at 26,622.88 points and a total trading volume of HKD 309.1 billion [1] - The Hang Seng Tech Index increased by 2.08%, closing at 6,324.25 points, while the Hang Seng China Enterprises Index rose by 1.62% to 9,454.12 points [1] Blue-Chip Stocks - Alibaba (09988) saw a notable increase of 4.14%, closing at HKD 173.4, contributing 104.49 points to the Hang Seng Index [2] - Morgan Stanley raised its forecast for Alibaba's capital expenditure for FY2026-2028 from RMB 100-108 billion to RMB 130-135 billion, citing growth in Alibaba Cloud [2] - Other blue-chip stocks like New Oriental (09901) and Zijin Mining (02899) also performed well, with increases of 7.86% and 5.86% respectively [2] Sector Performance - Large technology stocks generally rose, with Kuaishou and Alibaba both up over 4%, while Xiaomi saw a decline of 2.01% [3] - The financial sector showed strong performance, with Huatai Securities (06886) up 12.55% and other major brokerages also experiencing significant gains [3] - The metals sector performed well, with stocks like Zhaojin Mining (01818) and Ganfeng Lithium (01772) rising by 6.68% and 6.55% respectively [4][5] Policy and Economic Outlook - The central bank emphasized the need for a moderately loose monetary policy to boost credit and investment in the financial sector [4] - The A-share margin trading balance reached a historical high, indicating increased trading activity and potential for growth in brokerage earnings [4] Emerging Trends - The demand for energy storage is strong, with leading battery companies operating at full capacity and orders extending into next year [7] - The new energy storage installation target for 2027 is set at 180 million kilowatts, which is expected to drive an investment of approximately RMB 250 billion [7] - The gaming and tourism sectors are anticipated to benefit from the upcoming National Day holiday, with hotel occupancy rates nearing 90% [8] Notable Stock Movements - Ubiquitous Robotics (09880) reported a significant contract worth RMB 30 million for its humanoid robots, indicating strong demand in the robotics sector [6] - Lai Kai Pharmaceutical (02105) saw an increase of 11.16% after positive results from its obesity treatment trials [10] - Xiaomi (01810) faced a decline of 2.01% due to a downward revision in expected shipments for its 17 series smartphones [11]