Group 1 - The core viewpoint is that Macau's gaming revenue has shown significant recovery, with July's gross gaming revenue reaching 22.125 billion MOP, a year-on-year increase of 19% [1] - For the first seven months of the year, Macau's total gaming revenue reached 140.896 billion MOP, reflecting a year-on-year growth of 6.5% [1] - Morgan Stanley's report indicates that July's gaming revenue growth exceeded market expectations by 6 percentage points, with recovery rates of approximately 90% compared to pre-pandemic levels [1] Group 2 - The strong data from July counters the argument that growth in June was solely driven by a specific event, suggesting a broader improvement in demand since the second quarter [2] - High-end customer segments in VIP and premium mass gaming have been recovering since April, indicating that Macau's recovery may serve as a leading indicator for high-end consumption in China [2] - Two out of three gaming companies that reported second-quarter earnings significantly exceeded expectations, alleviating concerns about increased competition due to promotional activities by Sands China [2]

Group 1 - The core viewpoint of the article highlights the significant increase in Macau's gaming revenue, with July's gross gaming revenue (GGR) reaching 22.125 billion MOP, representing a year-on-year growth of 19% [1] - The average daily GGR for July was approximately 714 million MOP, recovering to 90% of the levels seen in the same period of 2019, exceeding both Citigroup's and market expectations of 21 billion MOP by 5% [1] - This marks the fourth consecutive month that Macau's gaming revenue has surpassed expectations, with the industry showing strong resilience as revenue has achieved nearly 20% year-on-year growth for two consecutive months [1] Group 2 - Looking ahead to August, Citigroup has raised its forecast for Macau's gaming revenue from 20 billion MOP to 21.5 billion MOP, reflecting a year-on-year growth of 9% and an average daily revenue of 694 million MOP [1] - This adjustment takes into account the potential lower per capita spending by tourists during the traditional peak travel season, as well as the high base from the same period last year [1] - The article also notes the positive impact of concerts, such as Eason Chan's performance at the Galaxy Arena, which is expected to contribute to the gaming revenue similar to the effect of Jacky Cheung's concert in June and July [1]

格隆汇7月31日丨永利澳门(01128.HK)公布，于2025年7月31日，根据融通协议的条款，公司、WM Cayman II与中国银行股份有限公司澳门分行(作为贷款方代理)及WM Cayman II选定的若干贷款人("弹性 增额贷款方")已订立文件，据此，弹性增额贷款方将根据融通协议项下优先无抵押循环信贷融通向WM Cayman II额外提供总额为等值10亿美元的额外资金。因此，融通协议项下优先无抵押循环信贷融通的 承诺总额已增至25亿美元等值。就融通协议应付予弹性增额贷款方的惯常弹性增额费用，将由WM Cayman Holdings Limited II支付。 ...

永利澳门(01128)发布公告，于2025年7月31日，根据融通协议的条款，本公司、WM Cayman II与中国银 行股份有限公司澳门分行(作为贷款方代理)及WM Cayman II选定的若干贷款人(弹性增额贷款方)已订立 文件，弹性增额贷款方将根据融通协议项下优先无抵押循环信贷融通向WM Cayman II额外提供总额为 等值10亿美元的额外资金。因此，融通协议项下优先无抵押循环信贷融通的承诺总额已增至25亿美元等 值。就融通协议应付予弹性增额贷款方的惯常弹性增额费用，将由WM Cayman Holdings Limited II支 付。 ...

格隆汇7月31日丨永利澳门(01128.HK)公布，于2025年7月31日，根据融通协议的条款，公司、WM Cayman II与中国银行股份有限公司澳门分行(作为贷款方代理)及WM Cayman II选定的若干贷款人("弹性 增额贷款方")已订立文件，据此，弹性增额贷款方将根据融通协议项下优先无抵押循环信贷融通向WM Cayman II额外提供总额为等值10亿美元的额外资金。因此，融通协议项下优先无抵押循环信贷融通的 承诺总额已增至25亿美元等值。就融通协议应付予弹性增额贷款方的惯常弹性增额费用，将由WM Cayman Holdings Limited II支付。 ...

智通财经APP讯，永利澳门(01128)发布公告，于2025年7月31日，根据融通协议的条款，本公司、WM Cayman II与中国银行股份有限公司澳门分行(作为贷款方代理)及WM Cayman II选定的若干贷款人(弹性 增额贷款方)已订立文件，弹性增额贷款方将根据融通协议项下优先无抵押循环信贷融通向WM Cayman II额外提供总额为等值10亿美元的额外资金。因此，融通协议项下优先无抵押循环信贷融通的承诺总额 已增至25亿美元等值。就融通协议应付予弹性增额贷款方的惯常弹性增额费用，将由WM Cayman Holdings Limited II支付。 ...

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。 （於開曼群島註冊成立之有限公司） （股份代號：1128及債務股份代號：5280、40102、40259、40357、5754） 內幕消息 增加融通協議項下優先無抵押循環信貸融通 本公告乃由永利澳門有限公司（「本公司」）根據上市規則第13.09(2)(a)條及37.47B條以及證 券及期貨條例（第571章）第XIVA部而刊發。 茲提述(i)本公司日期為2021年9月16日有關（其中包括）本公司、WM Cayman II與中國銀行 股份有限公司澳門分行（作為貸款方代理）及貸款銀團訂立融通協議的公告；(ii)本公司 日期為2022年5月5日有關融通協議修訂的公告；(iii)本公司2023年中期報告有關（其中包 括）於2023年6月27日修訂及重述的融通協議；及(iv)本公司日期為2024年9月23日有關延 長融通協議的公告（統稱「先前公告」）。除另有界定外，本公告所用詞彙與先前公告所界 定者具有相同涵義。 本公 ...

Group 1: Hong Kong Stock Market Highlights - New China Life Insurance (01336) rose over 5%, reaching a historical high, while China Life (2628.HK) increased by 4.4%, AIA (1299.HK) by 3.5%, and China Pacific Insurance (2601.HK) by nearly 2% following the release of the 2Q25 predetermined interest rate of 1.99% by the insurance industry association [1] - Heng Rui Pharmaceutical (1276.HK) opened up 10.65% after announcing a global exclusive licensing agreement with GSK for the HRS-9821 project, excluding mainland China and certain regions [1] - Guangshen Railway (00525.HK) saw a peak increase of over 9% after signing a cooperation agreement for the Guangzhou East Station renovation project, with a total investment of approximately 16.66 billion yuan [1] Group 2: Other Notable Stock Movements - MicroPort Medical (00853.HK) surged over 8% as major shareholders agreed to sell a total of 291 million shares to various buyers, including funds under Shanghai Industrial Capital [2] - China Tobacco Hong Kong (06055.HK) rose over 5% following the release of a draft management regulation for domestic duty-free tobacco products by the National Tobacco Monopoly Administration [2] - Shenghua Land (08106) saw its stock price soar over 200% after a share acquisition agreement was reached [2] - Jiufang Zhitu Holdings (09636) increased over 10% after announcing a profit forecast for the first half of the year, expecting a net profit of 830 to 870 million yuan, a turnaround from a net loss of 174 million yuan in the same period last year [2] - Lianlian Digital (02598) rose over 7% as a report highlighted the significant role of third-party payment institutions in cross-border and multi-currency settlement services [2] Group 3: Macau Gaming Sector Performance - Gaming stocks saw a general increase, with Amax Holdings (00880) up 10.39%, Melco International Development (00200) up 5.64%, and Sands China (01928) up 3.25%. UBS reported that the average daily gaming revenue in Macau for the past week was 657 million patacas, a slight decline due to typhoon impacts, but still showing a year-on-year growth of approximately 14% [3] Group 4: US Stock Market Highlights - AMD (AMD.US) rose 2.68% as it achieved a 50% market share in the server CPU market, matching Intel for the first time [4] - Newmont Corporation (NEM.US) increased by 6.89%, reporting a second-quarter earnings per share of $1.85, up from 73 cents year-on-year [5] - Berkshire Hathaway's holding Verisign (VRSN.US) rose 6.67% despite Q2 revenue falling short of market expectations, as the company raised its full-year revenue guidance [5] - Tesla (TSLA.US) increased by 3.52% with plans to launch Robotaxi services in San Francisco [6]

Core Viewpoint - The recent announcement by President Trump regarding potential high tariffs on copper and pharmaceuticals has led to a decline in Hong Kong's stock market, with the Hang Seng Index falling below 24,000 points, reflecting increased macroeconomic risks and impacting market sentiment [1][4]. Market Performance - The Hang Seng Index closed down 1.06% at 23,892.32 points, with a total trading volume of 233.88 billion HKD. The Hang Seng China Enterprises Index fell 1.28%, while the Hang Seng Tech Index dropped 1.76% [1]. - Major blue-chip stocks experienced significant movements, with Henderson Land Development leading the decline, down 8.64% at 25.9 HKD, while China Biologic Products rose 10.06% to 5.91 HKD [2]. Sector Analysis - The technology sector saw a collective decline, with Alibaba down nearly 4% and Tencent over 1%. The copper sector was negatively impacted by Trump's tariff threats, leading to a drop in copper-related stocks [3][6]. - The innovative drug sector performed well, with Hengrui Medicine surging 15.61% to 69.6 HKD, indicating resilience amid broader market declines [3][4]. Specific Stock Movements - Macau's gaming sector showed strong performance, with Wynn Macau up 6.33% and Melco Resorts up 2.12%, driven by robust gaming revenue growth [4][5]. - Copper stocks faced significant declines, with Luoyang Molybdenum down 4.74% and Jiangxi Copper down 3.46%, reflecting market reactions to tariff announcements [5][6]. Commodity Prices - International gold prices fell below 3,300 USD per ounce, influenced by reduced safe-haven demand amid tariff uncertainties. Analysts expect gold prices to remain volatile within a range of 3,000 to 3,500 USD per ounce [7].

Key Points - The article highlights significant stock movements in the Hong Kong and US markets, with various companies experiencing notable gains and losses due to recent developments and announcements [1][2][3][4][5] Hong Kong Market Highlights - China Rare Earth Holdings (03788) surged nearly 20%, with a year-to-date increase of 320%, as the company proposed a spin-off of its gold segment for independent listing on the Hong Kong Stock Exchange [1] - Innovent Biologics (09969) rose nearly 4% after announcing the clinical approval of its new ADC innovative drug ICP-B794 [1] - North Sea Kangcheng - B (01228) increased over 50%, with its stock price doubling in three days, marking it as a rare disease stock in the Hong Kong market [1] - Hong Kong Travel (00308) saw a rise of over 24%, achieving a year-to-date stock price doubling, driven by market speculation on stablecoin cross-border payment scenarios [1] - CSPC Pharmaceutical Group (01093) gained nearly 3% after receiving drug registration approval for Mesalazine enteric-coated tablets, enhancing its product line in the immune system treatment sector [1] - Ruian Real Estate (00272) rose over 4%, with a cumulative contract property sales amount for the first six months increasing by 457% year-on-year [1] - Cornerstone Pharmaceuticals - B (02616) increased over 3%, planning to raise HKD 467 million for clinical research on CS2009 [1] - Q Technology (01478) rose over 7%, with mobile camera module sales of 32.648 million units in June, a year-on-year increase of 1.5% [1] - Dekang Agriculture and Animal Husbandry (02419) increased by 6%, with a new cycle logic continuing to strengthen, and Tianfeng Securities set a target price of HKD 154 [1] - Contemporary Amperex Technology (03750) rose over 3%, reaching a new high since its listing, following a deepened strategic cooperation agreement with Geely Automobile [2] - Gaming stocks continued to rise, with Wynn Macau (01128) up 6.49%, New World Development (00200) up 6.15%, and others showing similar gains [2] - Gold stocks faced declines, with Golden Resources (GORO.US) dropping nearly 10% and others following suit [4] US Market Highlights - Stablecoin concept stocks continued to rise, with Tiger Brokers (TIGR.US) increasing over 8% [4] - Trump Media & Technology Group (DJT.US) rose over 2% as the company seeks SEC approval for a blue-chip cryptocurrency ETF [4] - Wolfspeed (WOLF.US) continued to rise, with stock prices increasing over 9% [4] - Intel (INTC.US) rose over 7% after announcing company-wide layoffs [4] - JD.com (JD.US) increased over 2% as it launched its "Double Hundred Plan" for its delivery service [4]