Core Viewpoint - UBS reports that Macau's total gaming revenue in November reached approximately 21.1 billion MOP, representing a year-on-year increase of about 14%, but a month-on-month decline of approximately 12% [1] Group 1: Revenue Performance - November's average daily gaming revenue was approximately 703 million MOP, showing a month-on-month decrease of about 10%, yet exceeding market expectations of around 679 million MOP [1] - The last week of November saw an estimated average daily gaming revenue of about 784 million MOP, higher than the first 23 days of November, which was approximately 678 million MOP [1] Group 2: Market Predictions - The market currently forecasts that Macau's average daily gaming revenue in December will be around 675 million MOP, reflecting a year-on-year increase of about 15% but a month-on-month decline of approximately 4% [1] - UBS believes there is still room for upward adjustments in market forecasts, noting that historical data from 2015 to 2019 indicated an average month-on-month increase of about 1% during the same period [1] Group 3: Preferred Stocks - UBS's top stock picks include Galaxy Entertainment (00027), Wynn Macau (01128), and MGM China (02282), all rated as "Buy" [1]