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]

相关事件 花旗上调永利度假村目标价至124.5美元 美银上调永利度假村目标价至100美元 美高梅中国 (02282.HK)12月5日耗资83.6万港元回购5万股 美高梅中国(02282.HK)12月4日耗资107.4万港元回购6.36 万股 瑞银发表研究报告指，澳门博彩业受到旅游产品增加、加强市场营销活动及更多元化的客户基础所带 动，令特别是高端市场的赌收持续增长，因此更看好澳门赌收前景。该行将今年澳门赌收预测轻微上调 少于1%，至按年增长9%，但与2019年比则仍低出16%。该行又将明年赌收预测上调1%，至按年增长 6%，或较2019年仍低出11%，并上调2027年赌收预测上调2%，至按年增长4%，或较2019年仍低出 7%。 濠赌股方面，该行将金沙集团目标价由67美元上调至68美元，重申"中性"评级；维持美高梅目标价37美 元及"中性"评级；维持永利度假村目标价147美元及"买入"评级。 ...