里昂发表研究报告，预计澳门2026年总赌收目标将同比增长5%至323亿美元，即日均赌收料为7.09亿澳 门元。该行预期，明年人民币对美元的汇率将会走强，而且积极的行业利润指标将推动赌收增长。就个 别公司而言，股息或仍会增加，特别是金沙中国和新濠博亚；银河娱乐和美高梅中国的派息比率有较大 提高空间，继续列为行业首选股。 ...

Core Viewpoint - Macquarie's research report indicates that Macau's gaming revenue increased by 32% year-on-year in the past week, with improvements in the first week of this month, suggesting that major players may be re-engaging in gaming activities post the National Games [1] Group 1: Industry Insights - The report anticipates that December's gaming revenue will maintain the momentum from the previous month, projecting a double-digit year-on-year growth [1] - The strong performance in Macau's gaming sector is attributed to the re-engagement of key players in the market [1] Group 2: Company Recommendations - Macquarie expresses a positive outlook on Galaxy Entertainment, highlighting its robust property project reserves and ample hotel room supply [1] - The anticipated full operation of the Galaxy Macau's Capella Hotel by the end of this year is expected to enhance its market share in the high-end mass market [1] - Investors are encouraged to reassess Sands China and MGM China, as both companies possess advantages in market share growth and attractive valuation levels [1]

Group 1 - UBS reports that the Macau gaming industry is driven by increased tourism products, enhanced marketing activities, and a more diversified customer base, leading to sustained growth in high-end market gaming revenue [1] - UBS slightly raises its 2023 Macau gaming revenue forecast by less than 1% to a year-on-year growth of 9%, although it remains 16% lower than 2019 levels [1] - The firm also increases its 2024 gaming revenue forecast by 1% to a year-on-year growth of 6%, which is still 11% below 2019 figures, and raises the 2027 forecast by 2% to a growth of 4%, 7% lower than 2019 [1] Group 2 - UBS raises the target price for Sands China from $67 to $68, maintaining a "Neutral" rating [1] - The target price for MGM Resorts is maintained at $37 with a "Neutral" rating [1] - The target price for Wynn Resorts is kept at $147 with a "Buy" rating [1] Group 3 - Citigroup raises the target price for Wynn Resorts to $124.5 [2] - Bank of America increases the target price for Wynn Resorts to $100 [2] - MGM China repurchased 50,000 shares for HKD 836,000 on December 5 and 63,600 shares for HKD 1,074,000 on December 4 [2]