Core Viewpoint - The gaming stocks continue to decline, extending their downward trend for the month, with significant drops in major companies like Sands China and Wynn Macau [1] Group 1: Stock Performance - Sands China (01928) fell by 5.41%, trading at HKD 19.05 [1] - Melco International Development (00200) decreased by 4.05%, trading at HKD 4.98 [1] - Wynn Macau (01128) dropped by 3.65%, trading at HKD 6.34 [1] - MGM China (02282) declined by 3.16%, trading at HKD 14.4 [1] Group 2: Gaming Revenue Insights - Morgan Stanley reported that Macau's gaming gross revenue (GGR) for the first five days of October reached MOP 5.5 billion, with an average daily revenue of MOP 1.1 billion, marking the best performance for the Golden Week in five years [1] - Year-on-year growth was only 3%, lower than both the bank's and market expectations [1] - Visitor numbers from October 1 to 5 remained flat, further impacting GGR growth, with a 25% drop in visitors on October 5 due to a typhoon [1] - The bank projects a year-on-year GGR growth of 11% to 13% for October, estimating a total of MOP 23 billion, which would be the highest in six years [1] Group 3: Market Share Analysis - UBS noted a significant increase in Wynn Macau's market share in September, rising by approximately 200 basis points month-on-month, contributing to a quarterly increase of 150 basis points [1] - The second-highest market share increase was observed in SJM Holdings, which saw a month-on-month rise of about 50 basis points, although it still declined by 30 basis points in the third quarter [1] - Compared to market expectations, the market shares of Galaxy Entertainment and Wynn exceeded expectations, while MGM, Sands China, and SJM fell short [1]

永利澳门(01128)发布公告，就根据股份计划授予参与人(发行人的董事除外)的股份奖励或期权而发行新 股或转让库存股份-涉及新股而发行32万股。 ...

智通财经APP讯，永利澳门(01128)发布公告，就根据股份计划授予参与人(发行人的董事除外)的股份奖 励或期权而发行新股或转让库存股份 - 涉及新股而发行32万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 永利澳門有限公司 (於開曼群島註冊成立的有限公司) 呈交日期： 2025年10月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01128 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | ...

瑞银发布研报称，永利澳门(01128)9月份博彩收入市占率环比上升约200个基点，使其第三季市占率环 比增加150个基点，为季内最大升幅。 报告指出，澳博控股(00880)9月份市占率环比上升约50个基点，但第三季度整体仍按季下跌30个基点。 大型博企在9月份似乎因季节性因素而失去市场份额，其中金沙中国(01928)及银河娱乐(00027)的市占率 分别环比下跌约100和150个基点，但第三季度整体仍分别按季上升70和40个基点。 新濠国际发展(00200)和美高梅中国(02282)9月份市占率环比持平，但第三季度分别按季下跌120和100个 基点。与第三季度市场预期相比，银河和永利的市占率高于预期，而美高梅中国、金沙中国和澳博控股 则低于预期。 ...

新濠国际发展(00200)和美高梅中国(02282)9月份市占率环比持平，但第三季度分别按季下跌120和100个 基点。与第三季度市场预期相比，银河和永利的市占率高于预期，而美高梅中国、金沙中国和澳博控股 则低于预期。 智通财经APP获悉，瑞银发布研报称，永利澳门(01128)9月份博彩收入市占率环比上升约200个基点，使 其第三季市占率环比增加150个基点，为季内最大升幅。 报告指出，澳博控股(00880)9月份市占率环比上升约50个基点，但第三季度整体仍按季下跌30个基点。 大型博企在9月份似乎因季节性因素而失去市场份额，其中金沙中国(01928)及银河娱乐(00027)的市占率 分别环比下跌约100和150个基点，但第三季度整体仍分别按季上升70和40个基点。 ...

Core Viewpoint - UBS upgraded the investment rating of Cheung Kong Property from "Neutral" to "Buy," identifying it as the most undervalued stock among the real estate companies covered by the bank [1] Group 1: Potential Catalysts for Value Release - Potential catalysts for value release include acquisitions of distressed commercial real estate (CRE) assets in Hong Kong, continuous improvement in hotel profitability, and opportunities to convert hotels into student accommodations due to a structural increase in non-local student enrollment [1] - Additional catalysts mentioned are the disposal of UK railway assets and higher foreign exchange conversion gains following potential interest rate cuts by the Federal Reserve [1] Group 2: Stance on Hong Kong Banks and Developers - UBS maintains a "Neutral" stance on Hong Kong banks due to increased provisioning expenses related to commercial real estate exposure and risks of net interest margin contraction from a potential rate cut cycle [1] - The bank holds a "Positive" stance on Hong Kong developers, with top picks including Henderson Land, Sun Hung Kai Properties, Link REIT, Wynn Macau, Galaxy Entertainment, and Cathay Pacific, all rated as "Buy" [1] - Conversely, UBS is bearish on MTR Corporation, rating it as "Sell" [1]

Core Insights - The article highlights the top short-selling ratios and amounts for various companies, indicating significant market sentiment towards these stocks [1][2][3] Short-Selling Ratios - Anta Sports-R (82020) has the highest short-selling ratio at 100.00%, followed by China Resources Beer-R (80291) at 83.97% and AIA Group-R (81299) at 83.31% [1][2] - Other notable companies with high short-selling ratios include Baidu Group-SWR (89888) at 82.82% and China Mobile-R (80941) at 81.66% [2][3] Short-Selling Amounts - Alibaba-SW (09988) leads in short-selling amount with 3.286 billion, followed by Tencent Holdings (00700) at 1.980 billion and HSBC Holdings (00005) at 1.745 billion [1][3] - Other companies with significant short-selling amounts include SMIC (00981) at 1.343 billion and Zijin Mining (02899) at 1.338 billion [3] Deviation Values - Baidu Group-SWR (89888) has the highest deviation value at 45.67%, indicating a significant difference from its average short-selling ratio over the past 30 days [1][3] - Jiangsu Nanjing-Hu Highway (00177) follows with a deviation value of 36.97%, and China Lilang (01234) at 34.06% [1][3]

FF301 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 公司名稱: 永利澳門有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 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) | 01128 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.001 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.001 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000 ...

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]