Core Viewpoint - Jefferies report indicates that the performance of Macau's gaming industry last year is a relatively positive factor for Macau gaming stocks, with a year-on-year increase of 14.8% in gaming gross revenue in September, leading to an annual growth of 9.1%, aligning with the firm's and market's expectations of 8.9% and 9.2% respectively [1] Group 1: Industry Performance - The gaming gross revenue in Macau for the year increased by 9.1% year-on-year, which is in line with market expectations [1] - The low base faced until May this year and the conservative growth forecast by the Macau government for gaming gross revenue suggest a favorable environment for Macau gaming stocks [1] Group 2: Company Preferences - Among U.S. listed gaming stocks, the company prefers Wynn Resorts and Las Vegas Sands, expecting both to outperform their U.S. peers due to business opportunities in Singapore and the UAE, as well as continued benefits from positive factors in Macau [1] - For Hong Kong listed stocks, the company maintains a preference for Galaxy Entertainment and Sands China, noting that the forecasted enterprise value ratios for Macau gaming stocks of 6 to 10 times are attractive and leave room for upside [1]
大行评级｜杰富瑞：澳门博彩股料受惠上半年低基数及澳门政府保守预测
Ge Long Hui·2026-01-05 08:24