Zhi Tong Cai Jing·2026-01-02 07:43Group 1 - The core viewpoint of the article indicates that Macau's gaming revenue in December increased by 14.8% year-on-year to 20.89 billion MOP, aligning with the bank's forecast but falling short of market expectations by 3% [1] - The average daily gaming revenue for the last ten days of December was 624 million MOP, compared to 698 million MOP for the first 21 days of the month [1] - Despite potential negative sentiment from investors regarding the data, the bank remains optimistic that the continued appreciation of the RMB against the USD will support gaming revenue performance [1] Group 2 - For January, the bank forecasts a year-on-year increase in Macau's gaming revenue of 18% to 21.48 billion MOP, exceeding market expectations by 3% [1] - The bank maintains its preferred stocks as Galaxy Entertainment (00027) and MGM China (02282) [1] - The bank projects that Macau's total gaming revenue will grow by 5% year-on-year by 2026, slightly below the market expectation of 5.5%, implying an average daily gaming revenue of 709 million MOP [1]