Zhi Tong Cai Jing·2025-10-06 08:17Core Viewpoint - The report from Credit Lyonnais indicates that Macau's inbound tourist numbers during the first two days of the National Day Golden Week increased by 0.6% year-on-year to 304,000 visitors, aligning with the government's forecast of an average of 150,000 visitors per day over the 8-day holiday period [1] Group 1: Tourism and Visitor Trends - The number of inbound tourists to Macau has shown a slight increase, with a total of 304,000 visitors during the first two days of the holiday [1] - The government had predicted an average of 150,000 visitors per day for the holiday, which the current figures meet [1] - There is a noticeable increase in the number of family travelers compared to previous years [1] Group 2: Gaming Revenue Forecast - Credit Lyonnais forecasts that Macau's total gaming revenue (GGR) for October will increase by 9% year-on-year to 22.6 billion Macau Patacas [1] - There is potential for further upward movement in gaming revenue beyond the forecasted figures [1] Group 3: Company Ratings and Recommendations - The report maintains a preference for Galaxy Entertainment (00027) and MGM China (02282), with target prices set at HKD 50.3 and HKD 19.5, respectively [1] - All gaming companies, except for SJM Holdings (00880), are rated as "outperform," while SJM Holdings is rated as "hold" [1]