Core Insights - Macau's July gaming revenue reached MOP 22.1 billion, representing a year-on-year increase of 19% and a month-on-month increase of 5%, marking a post-pandemic high and exceeding market expectations by 5% [1] - The revenue has recovered to 90% of the levels seen in 2019, indicating a strong rebound in the gaming sector [1] - The firm has revised its full-year gaming revenue forecast for Macau upwards by 4% to MOP 242 billion, which implies a year-on-year growth of 7% and a recovery to 83% of 2019 levels [1] Company Ratings - The firm maintains an "Overweight" rating on the Macau gaming industry, continuing to favor Galaxy Entertainment (00027) with a target price of HKD 43 and a "Buy" rating [1] - Sands China (01928) is also given a "Buy" rating with a target price of HKD 22 [1]

智通财经APP获悉，大华继显发布研报称，澳门7月博彩收入为221亿澳门元，同比升19%，环比增5%， 创下疫情后的新高，并超出市场预期5%，恢复至2019年水平的90%。该行考虑到澳门博彩收入持续回 升，将澳门今年全年博彩收入预测上调4%至2420亿澳门元，意味着同比增长7%，并恢复至2019年水平 的83%。该行维持对澳门博彩行业的增持评级，继续首选银河娱乐(00027) ，维持目标价43港元及"买 入"评级。另外，该行予金沙中国(01928) "买入"评级，目标价22港元。 ...