Ge Long Hui·2025-12-23 03:04Core Viewpoint - Macao's average daily gaming revenue increased to 700 million Macanese Patacas last week, reflecting an 8% week-on-week rise, with VIP room win rates returning to normal levels [1] Group 1: Gaming Revenue Projections - If the average daily gaming revenue remains between 660 million to 750 million Macanese Patacas for the rest of the month, total gaming revenue for December is projected to reach between 21.3 billion to 22.2 billion Macanese Patacas, representing a year-on-year increase of 17% to 22% [1] Group 2: Preferred Stocks - The preferred stock is Galaxy Entertainment, with a target price of 57.5 Hong Kong dollars and a rating of "Outperform," attributed to its strong property project reserves and ample hotel room supply [1] - The Capella Hotel, expected to fully operate by the end of this year, is anticipated to enhance the company's market share in the high-end segment [1] Group 3: Other Investment Recommendations - Investors are advised to reconsider Sands China and MGM China, given their market share growth and attractive valuation levels, with target prices set at 25.2 Hong Kong dollars and 22.6 Hong Kong dollars, respectively, both rated "Outperform" [1]