Market Overview - The Hang Seng Index closed at 26,776 points, down 2.2%, while the Hang Seng China Enterprises Index fell 2.5% to 9,080 points[1] - Total turnover in the Hong Kong stock market was HKD 347.9 billion, a 15.4% increase from HKD 301.6 billion last Friday[1] - The materials, energy, and healthcare indices dropped by 6.0%, 4.0%, and 3.5% respectively, while consumer staples, utilities, and financials saw smaller declines of 0.2%, 1.1%, and 1.6%[1] Stock Performance - Sands China (1928 HK) and Lenovo Group (992 HK) led the blue-chip gainers, rising by 4.1% and 1.8% respectively[1] - BYD Company (1211 HK) and China Unicom (762 HK) were the biggest losers, falling by 6.9% and 6.3% respectively[1] Commodity Prices - Oil prices decreased from USD 65 to approximately USD 62, while gold prices fell from USD 5,400 to around USD 4,700[2] - The decline in commodity prices is attributed to reduced geopolitical risks and expectations of limited interest rate cuts by the Federal Reserve[2] Economic Indicators - The ISM Manufacturing PMI for January in the U.S. was reported at 52.6, exceeding December's 47.9 and the market forecast of 48.3[3] - In mainland China, the transaction volume of new homes in 30 major cities reached 1.48 million square meters, a year-on-year increase of 983.8% due to last year's Spring Festival holiday[3] Industry Insights - Macau's gaming revenue for January was AUD 22.63 billion, up 24.0% year-on-year and 8% month-on-month, exceeding market expectations[4] - The healthcare index in Hong Kong fell by 3.5%, with Rongchang Bio (9995 HK) expecting a revenue increase of 89% to RMB 3.25 billion, significantly above market expectations[4] Energy Sector - The energy sector, particularly thermal power and electrical equipment stocks, saw significant declines, with Huaneng International (902 HK) down 6.8%[5] - Recent policy changes by the National Development and Reform Commission regarding electricity pricing have raised concerns in the market, despite potential long-term benefits[5]

Group 1 - The core viewpoint of the report indicates that the total gaming revenue in Macau is expected to range between 21-22.4 billion MOP in February 2026, with daily average revenue projected at 750-800 million MOP, reflecting a year-on-year growth of 6-13%, but a decline of 12-17% compared to February 2019 [1] - In January 2026, Macau recorded a total gaming revenue (GGR) of 22.6 billion MOP, representing a year-on-year increase of 24.0% and a month-on-month increase of 8.4%, surpassing the consensus expectation of 18.5% growth [1] - The daily average revenue (ADR) for January 2026 was 730 million MOP, which is a 24.0% year-on-year increase and an 8.4% month-on-month increase from December 2025 [1] Group 2 - The strong performance of Macau's gaming industry in January 2026 is attributed to several factors: a longer New Year holiday compared to previous years, sustained demand on other days of the month, and diversified activities attracting visitors [2] - The estimated VIP gaming revenue in January 2026 decreased by 46-55% compared to January 2019, while mass gaming revenue increased by 27-37%, with mass revenue accounting for 70-75% of total gaming revenue [2] - In December 2025, the number of visitors to Macau increased by 17.8% year-on-year, reaching 3,580,130, which is 116.1% of the level seen in December 2019 [2]

Group 1 - The core viewpoint of the report is that the total gaming revenue in Macau is expected to be between 21-22.4 billion MOP in February 2026, with daily revenue projected at 750-800 million MOP, reflecting a year-on-year growth of 6-13%, but a decline of 12-17% compared to February 2019 [1] - The stock preference ranking for the gaming sector remains unchanged, favoring Sands China (01928), Galaxy Entertainment (00027), MGM China (02282), Wynn Macau (01128), Melco International Development (00200), Melco Resorts & Entertainment (MLCO.US), and SJM Holdings (00880) [1] - In January 2026, Macau recorded a total gaming revenue (GGR) of 22.6 billion MOP, representing a year-on-year increase of 24.0% and a month-on-month increase of 8.4%, exceeding the consensus forecast of 18.5% [1] Group 2 - The strong performance of Macau's gaming industry in January is attributed to several factors: a longer New Year holiday compared to previous years, sustained demand on other days, and diversified activities attracting visitors [2] - The estimated VIP gaming revenue in January 2026 decreased by 46-55% compared to January 2019, while mass gaming revenue increased by 27-37%, with mass revenue accounting for 70-75% of total gaming revenue [2] - In December 2025, the number of visitors to Macau increased by 17.8% year-on-year, reaching 3,580,130, which is 116.1% of the level in December 2019, with an average daily visitor count of 115,488 [2]

沃什获美联储主席提名引爆鹰派预期，全球资产遭遇剧烈波动。港股三大指数全天下行，恒指失守两万 七大关，恒科指数午后一度跌超4%。截至收盘，恒生指数跌2.23%或611.54点，报26775.57点，全日成 交额为3478.86亿港元；恒生国企指数跌2.54%，报9080.19点；恒生科技指数跌3.36%，报5526.31点。 华泰证券表示，当前市场回调更多是上涨过快的背景下，偏鹰派美联储主席提名导致的技术性回撤。该 行认为，经历了如此调整后，当前的核心问题是波动的持续性和会不会终结市场表现。当前情绪已在乐 观区间，且拥挤度尚未明显回落，波动短期或持续，但更多是回撤而不是反转。一季度市场空间的三个 驱动因素——流动性改善、资金面共振与盈利预期上修仍然成立。 蓝筹股表现 金沙中国(01928)逆市上扬。截至收盘，涨4.05%，报17.72港元，成交额7.76亿港元，贡献恒指2.66点。 澳门博彩监察协调局公布数据显示，1月博彩毛收入226.33亿澳门元，同比增长24%，较前一个月升 8.4%。摩根士丹利研报指出，澳门今年一月博彩总收入优于市场预期。又因农历新年8日假期全落在二 月，预计该月应能获得额外增长动力，估计 ...

智通财经APP获悉，沃什获美联储主席提名引爆鹰派预期，全球资产遭遇剧烈波动。港股三大指数全天 下行，恒指失守两万七大关，恒科指数午后一度跌超4%。截至收盘，恒生指数跌2.23%或611.54点，报 26775.57点，全日成交额为3478.86亿港元；恒生国企指数跌2.54%，报9080.19点；恒生科技指数跌 3.36%，报5526.31点。 华泰证券表示，当前市场回调更多是上涨过快的背景下，偏鹰派美联储主席提名导致的技术性回撤。该 行认为，经历了如此调整后，当前的核心问题是波动的持续性和会不会终结市场表现。当前情绪已在乐 观区间，且拥挤度尚未明显回落，波动短期或持续，但更多是回撤而不是反转。一季度市场空间的三个 驱动因素——流动性改善、资金面共振与盈利预期上修仍然成立。 蓝筹股表现 金沙中国(01928)逆市上扬。截至收盘，涨4.05%，报17.72港元，成交额7.76亿港元，贡献恒指2.66点。 澳门博彩监察协调局公布数据显示，1月博彩毛收入226.33亿澳门元，同比增长24%，较前一个月升 8.4%。摩根士丹利研报指出，澳门今年一月博彩总收入优于市场预期。又因农历新年8日假期全落在二 月，预计该月应能 ...

Group 1 - The gaming stocks are rising in the morning session despite market trends, with Sands China (01928) up by 4.52% to HKD 17.80 [1][3] - MGM China (02282) increased by 1.68% to HKD 12.71 [1][3] - Galaxy Entertainment (00027) saw a rise of 1.01% to HKD 40.20 [1][3] - Melco International Development (00200) experienced a slight increase of 0.24% to HKD 4.24 [1][3]

Core Viewpoint - The Macau gaming stocks experienced an upward trend, with significant increases in share prices for major companies, driven by strong gaming revenue growth in January 2023 [1] Group 1: Market Performance - Sands China saw a rise of 5.5%, while MGM China increased by 2.56%. Other companies like Galaxy Entertainment and SJM Holdings also reported gains of 1.3% and approximately 1%, respectively [1][2] - The overall performance of Macau gaming stocks is contrary to broader market trends, indicating strong investor confidence in the sector [1] Group 2: Gaming Revenue - The Macau Gaming Inspection and Coordination Bureau reported that January's gaming revenue reached 22.633 billion MOP, marking a year-on-year increase of 24%, surpassing the expected growth of 18.5% [1] - Month-on-month, the revenue increased by 8.35%, reflecting a robust recovery in the gaming sector [1] Group 3: High-End Customer Trends - A monthly survey by Citigroup indicated that the betting volume from high-end gamblers rose by 25% year-on-year in January, attributed to effective marketing strategies [1] - Promotions included free tickets to a concert by the popular K-pop group BLACKPINK in Hong Kong and collaborations with brands like Pop Mart's Twinkle Twinkle [1] Group 4: Hotel Occupancy - UBS's recent research highlighted that among 32 tracked hotels, 27 reported fully booked rooms for the upcoming Lunar New Year holiday, indicating a stable demand compared to the same period last year [1]

Group 1 - The gaming stocks are experiencing an upward trend, with Sands China increasing by 5.5% [1] - MGM China has risen by 2.56% [1] - Galaxy Entertainment and SJM Holdings have both seen a rise of 1.3% [1] - Melco International Development and Wynn Macau have increased by approximately 1% [1]

Group 1 - The gaming stocks in Macau have risen against the trend, with Sands China increasing by 5.5%, MGM China by 2.56%, Galaxy Entertainment and SJM Holdings by 1.3%, and Melco International and Wynn Macau by approximately 1% [1][2] - The Gaming Inspection and Coordination Bureau of Macau reported that gaming revenue for January reached 22.633 billion MOP, a year-on-year increase of 24%, exceeding the expected 18.5%, and a month-on-month increase of 8.35% [1] - According to Citigroup's monthly survey, the betting volume from high-end gamblers in January grew by 25% year-on-year, likely due to aggressive marketing strategies, including free tickets to a concert by the popular K-pop group BLACKPINK in Hong Kong and collaboration with Pop Mart's Twinkle Twinkle [1] - UBS's recent research indicated that for the upcoming Lunar New Year holiday, 27 out of 32 tracked hotels showed sold-out rooms, similar to the situation in the same period last year [1]

每经AI快讯，博彩股逆市上扬，截至发稿，金沙中国(01928.HK)涨3.52%，报17.63港元；美高梅中国 (02282.HK)涨1.6%，报12.7港元；银河娱乐(00027.HK)涨1.36%，报40.34港元；新濠国际发展 (00200.HK)涨0.95%，报4.27港元。 ...