Market Overview - The Hong Kong stock market indices collectively rose, with the Hang Seng Index up by 0.19% to 25,224.97 points, the Hang Seng Tech Index up by 0.10%, and the National Enterprises Index up by 0.13% [2][3] Gaming and Gambling Sector - Casino and gambling stocks led the gains, with Wynn Macau rising over 3%. Multiple institutions have released reports optimistic about the gaming industry's outlook, with Morgan Stanley predicting a continuous increase in Macau's gaming revenue from 2025 to 2027 [3][4] Real Estate Sector - The real estate sector showed strength, with China Fortune Land Development rising over 5%. The Chinese government is taking strong measures to stabilize the real estate market, emphasizing urban renewal and the renovation of old housing [5][6] AI Sector - AI concept stocks saw significant increases, with Fenbi rising over 18% and Zhihu over 17%. Analysts believe the AI industry is entering a phase of substantial development, transitioning from speculation to real growth, driven by favorable policies, technology, and capital [6][7] Internet Healthcare Sector - Internet healthcare stocks experienced some gains, with Ping An Good Doctor rising over 3%. The sector is benefiting from multiple favorable developments, including policy support and technological innovation [7][8] New Consumption Sector - The new consumption sector experienced a pullback, with Blukoo falling over 8%. Analysts suggest that the structural benefits of new consumption will continue, but the market has adjusted its earnings expectations for high-growth stocks [8][9]

Group 1 - Morgan Stanley raised the target price for Wynn Macau from HKD 7.1 to HKD 7.8, upgrading the rating to "Overweight" [1] - The recent decline in stock price has made the valuation more attractive, with expectations that the stock will outperform the market in the next 60 days [1] - The forecast for the company's 2025 earnings per share dividend has been increased to HKD 0.37, which is 50% higher than market expectations, with an anticipated dividend yield of 6%, the highest in the industry [1] Group 2 - During the industry's upward cycle, Morgan Stanley is optimistic about high-leverage companies, noting that Wynn Macau's net debt to EBITDA ratio (4-5 times) is expected to provide greater upside potential for the stock price [1]

智通财经APP获悉，摩根士丹利发布研报称，上调永利澳门(01128)目标价，由7.1港元升至7.8港元，因 2026年非博彩资本支出预估下调，现料年度非博彩资本支出为18亿港元，评级升至"增持"，在高端中场 业务推动下，预计集团第三季市场份额将提高。基于近期公司股价回落，令短期估值更具吸引力，该行 料公司股价将于未来60日内跑赢大市。 该行又指，在行业上升周期中，更看好高杠杆企业，而永利澳门净负债与EBITDA比率达4至5倍，其股 价上升空间应较同业更大。另外，永利澳门是其覆盖范围内首间发行2034年到期债券的企业，反映对业 务持续的信心增强。 公司公布6月及7月的经运气调整日均EBITDA达330万美元，相当于一季约3亿美元。该行将2025年每股 股息预测上调至0.37港元(料中期派息0.185港元)，较市场预期高50%，意味股息率达6%，将会是行内最 高。 ...

公司公布6月及7月的经运气调整日均EBITDA达330万美元，相当于一季约3亿美元。该行将2025年每股 股息预测上调至0.37港元(料中期派息0.185港元)，较市场预期高50%，意味股息率达6%，将会是行内最 高。 摩根士丹利发布研报称，上调永利澳门(01128)目标价，由7.1港元升至7.8港元，因2026年非博彩资本支 出预估下调，现料年度非博彩资本支出为18亿港元，评级升至"增持"，在高端中场业务推动下，预计集 团第三季市场份额将提高。基于近期公司股价回落，令短期估值更具吸引力，该行料公司股价将于未来 60日内跑赢大市。 该行又指，在行业上升周期中，更看好高杠杆企业，而永利澳门净负债与EBITDA比率达4至5倍，其股 价上升空间应较同业更大。另外，永利澳门是其覆盖范围内首间发行2034年到期债券的企业，反映对业 务持续的信心增强。 ...

Group 1 - The Hong Kong gaming stocks have seen a rise, with notable increases in shares such as Melco Resorts up 5%, Galaxy Entertainment up 1.37%, and Wynn Macau up 3.57% [1] - Multiple institutions have released reports expressing optimism about the gaming industry, with Morgan Stanley predicting a continuous increase in Macau's gaming revenue from 2025 to 2027 [1] - Since the last upgrade of Macau's gaming industry forecast, Morgan Stanley has revised its predictions for the third time within three months [1] Group 2 - Wynn Macau is set to release its financial report on August 20, with expectations of revenue reaching HKD 7.246 billion for Q2 2025 and an estimated earnings per share of HKD 0.09 [1] - Golden Entertainment plans to hold a board meeting on August 25 to approve its interim results [1] - Amax Holdings is scheduled to hold a board meeting on August 28 to approve its interim results [1]

花旗研究报告指，该行统计8月澳门高端中场博彩投注额按年升5%至1,340万元，高端中场赌客数量按 年跌5%至624名，意味人均投注额按年升10%至21,543元，连续4个月有双位数升幅，反映赌客质量提 高。 摩根大通称，自从上一次对澳门博彩业进行预测升级以来，三个月内第三次上调对该行业的预测。该行 预测，2025年下半年博彩总收入(GGR)增长13%。(格隆汇) 港股濠赌股普遍上涨，其中，金沙中国、银河娱乐涨近2%，澳博控股涨1.5%，美高梅中国、汇彩控股 涨超1%，永利澳门、新濠国际发展涨0.6%。 消息上，近期多家机构发布研报看好博彩行业前景。摩根士丹利表示，看好经营杠杆与竞争格局改善， 预测澳门2025至2027年博彩收入将持续攀升。 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 01928 | 金沙中国有限公 | 20.600 | 1.78% | | 00027 | 银河娱乐 | 40.020 | 1.73% | | 00880 | 澳博控股 | 3.290 | 1.54% | | 02282 | 美高梅中国 | 16.200 | 1.25 ...

Core Viewpoint - Wynn Macau (01128) has entered into a purchase agreement for the issuance of senior notes, with estimated net proceeds of approximately $989 million, intended for general corporate purposes, including debt repayment [1] Group 1 - The company has signed a purchase agreement with Deutsche Bank's Singapore branch as the representative of initial buyers [1] - The estimated net proceeds from the offering of senior notes will be approximately $989 million [1] - The proceeds are planned to be used for general corporate purposes, including the repayment of outstanding debts such as WM Cayman II revolving credit and/or one or more series of existing notes [1]

Core Viewpoint - Wynn Macau (01128) has entered into a purchase agreement for the issuance of senior notes with Deutsche Bank's Singapore branch, representing the initial buyer [1] Group 1: Financial Details - The estimated net proceeds from the proposed issuance of senior notes are approximately $989 million [1] - The company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding debts such as WM Cayman II revolving credit and/or one or more series of existing notes [1]

Core Viewpoint - Wynn Macau has entered into a purchase agreement for the issuance of senior notes, aiming to raise approximately $989 million for general corporate purposes, including debt repayment [1] Group 1: Company Actions - Wynn Macau announced a purchase agreement with Deutsche Bank's Singapore branch for the issuance of $1 billion senior notes due in 2034 [1] - The estimated net proceeds from the offering, after deducting the initial purchaser's discount and estimated offering expenses, will be approximately $989 million [1] Group 2: Financial Implications - The company plans to use the net proceeds for general corporate purposes, which includes repaying outstanding debts such as the WM Cayman II revolving credit facility and/or one or more series of existing notes [1]

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分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。 本公告僅供參考，並非收購、購買或認購證券的邀請或要約，亦非邀請訂立協議進行收購、購買或認購，且不可 視為邀請提出收購、購買或認購任何證券的建議。 本公告或其任何內容概不會成為任何合約或承諾的依據。本公告或其任何副本概不得帶入美國或在美國分發。本 公告所提述的證券並無及將不會根據美國證券法登記，或向美國任何州或其他司法權區的任何證券監管機構登 記，且不得在美國提呈發售或出售，惟根據美國證券法及適用州或地方證券法的登記規定獲適用豁免或進行毋須 遵守有關登記規定的交易則除外。本公司將不會於美國公開發售證券。 （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） (i) 發行於 2034 年到期的 1 , 000 , 000 , 000 美 元 6 . 750 厘優先票據；及 (ii) 根據上市規則第 1 3 . 1 8 條作出披露 茲提述 ...