花旗发表研究报告，永利澳门次季收入按年持平于8.83亿美元，调整后物业EBITDA按年减10%至2.54亿 美元。经赢率调整后EBITDA达2.66亿美元，大致上符合该行预期。该行指，管理层预计，迈向2025年 底，将面对轻微营运干扰，主要是扩建永利皇宫主席俱乐部博彩区的和改造永利大厦，并预计今年新项 目资本支出为2亿至2.5亿美元。花旗将集团2025年至2027年盈利预测下调2%至8%，维持目标价为6.75 港元，评级为"中性"。 ...

本文源自：智通财经网 消息面上，永利澳门公布控股股东Wynn Resorts, Limited2025年第二季度业绩，澳门业务经营收入约 1.28亿美元，同比减少20.78%；经调整后的物业EBITDAR约2.54亿美元，同比减少9.51%。其中，永利 皇宫经调整后的物业EBITDAR为1.572亿美元，而2024年第二季则为1.845亿美元；永利澳门经调整后的 物业EBITDAR为9,650万美元，而2024年第二季则为9,590万美元。 智通财经获悉，永利澳门(01128)跌超7%，截至发稿，跌7.52%，报6.27港元，成交额1.83亿港元。 ...

智通财经APP获悉，永利澳门(01128)跌超7%，截至发稿，跌7.52%，报6.27港元，成交额1.83亿港元。 消息面上，永利澳门公布控股股东Wynn Resorts, Limited2025年第二季度业绩，澳门业务经营收入约 1.28亿美元，同比减少20.78%；经调整后的物业EBITDAR约2.54亿美元，同比减少9.51%。其中，永利 皇宫经调整后的物业EBITDAR为1.572亿美元，而2024年第二季则为1.845亿美元；永利澳门经调整后的 物业EBITDAR为9,650万美元，而2024年第二季则为9,590万美元。 ...

Group 1: Market Overview - The Hang Seng Index rose by 171 points or 0.69% to close at 25081, marking its fourth consecutive day of gains, driven by strong performance in various sectors including technology and local real estate stocks [2][3] - The trading volume for the day was 2457.48 million, indicating active market participation [3] Group 2: Economic Data - In July, China's exports in USD terms increased by 7.2%, surpassing market expectations of 5.6%, while imports rose by 4.1%, also exceeding expectations of a decline [6] - The total trade value in July reached 545.32 billion USD, with a trade surplus of 98.24 billion USD [6] - For the first seven months of the year, trade with ASEAN countries grew by 9.4%, making ASEAN China's largest trading partner [7] Group 3: Company News - FWD Group has completed the establishment of a high-net-worth client service network across Asia, launching a new VIP room in Hong Kong [11][12] - FWD Private aims to provide comprehensive wealth and legacy planning services, with a new indexed universal life product launched in Bermuda and Singapore [11][12] - Alibaba's Hema plans to open 100 new stores this year and expand its business into 50 additional cities, indicating a strong growth strategy [13]

美高梅中国(2282.HK)盘中一度大跌12%，报15.23港元，截至目前成交1.8亿港元。 美高梅中国公布，截至今年6月底止，中期盈利23.83亿港元，同比下跌11.25%，每股盈利62.8仙，派中期息0.313港元。期内，经营收益166.61亿港元，创 历史新高，同比升2.73%；娱乐场收益145.97亿港元，增加3.07%。 公司表示，盈利下跌主要是由于经营成本与开支上升，以及由美元计值的优先票据所产生的净汇兑亏损增加所致。 ...

本文源自：智通财经网 东吴证券国际此前指出，东家博彩企业均有新物业陆续投入运营（银河娱乐的嘉佩乐、金沙中国的伦敦 人二期等），行业竞争趋于激烈，多家博彩企业回赠比例均有所提升。我们测算金沙中国2Q25 回赠比 例环比提升0.4pct至21.5%，美高梅中国2Q25回赠比例环比提升1.8pct至22.4%。 智通财经获悉，美高梅中国(02282)绩后重挫12%，截至发稿，跌7.22%，报16.07港元，成交额6126.65 万港元。 消息面上，美高梅中国公布中期业绩，经营收益约166.61亿港元，同比增长2.73%；公司拥有人应占期 间利润23.83亿港元，同比减少11.25%；基本每股盈利62.8港仙，中期股息每股0.313港元。净利减少是 由于经营成本与开支上升，以及由美元计值的优先票据所产生的净汇䫕亏损增加所致。 ...

智通财经APP获悉，美高梅中国(02282)绩后重挫12%，截至发稿，跌7.22%，报16.07港元，成交额 6126.65万港元。 消息面上，美高梅中国公布中期业绩，经营收益约166.61亿港元，同比增长2.73%；公司拥有人应占期 间利润23.83亿港元，同比减少11.25%；基本每股盈利62.8港仙，中期股息每股0.313港元。净利减少是 由于经营成本与开支上升，以及由美元计值的优先票据所产生的净汇䫕亏损增加所致。 东吴证券国际此前指出，东家博彩企业均有新物业陆续投入运营（银河娱乐的嘉佩乐、金沙中国的伦敦 人二期等），行业竞争趋于激烈，多家博彩企业回赠比例均有所提升。我们测算金沙中国2Q25 回赠比 例环比提升0.4pct至21.5%，美高梅中国2Q25回赠比例环比提升1.8pct至22.4%。 ...

Group 1 - MGM China Holdings Limited (02282) experienced a significant decline of 12% post-earnings announcement, with a current drop of 7.22% to HKD 16.07, and a trading volume of HKD 61.27 million [1] - The company reported interim results with operating revenue of approximately HKD 16.66 billion, reflecting a year-on-year growth of 2.73%. However, profit attributable to shareholders decreased by 11.25% to HKD 2.38 billion [1] - Basic earnings per share were HKD 0.628, and the interim dividend declared was HKD 0.313 per share. The decline in net profit was attributed to rising operating costs and increased net exchange losses from USD-denominated senior notes [1] Group 2 - East Wu Securities International noted that the competition in the gaming industry is intensifying, with new properties from major gaming companies like Galaxy Entertainment and Sands China coming online [1] - The rebate ratio for Sands China in Q2 2025 increased by 0.4 percentage points to 21.5%, while MGM China's rebate ratio rose by 1.8 percentage points to 22.4% in the same period [1]

Market Overview - The Hong Kong stock market experienced fluctuations but closed higher, with the Hang Seng Index rising by 0.69% to 25081.63 points, the Hang Seng Tech Index increasing by 0.26% to 5546.73 points, and the Hang Seng China Enterprises Index up by 0.55% to 8981.73 points [1] Apple-Related Stocks - Apple-related stocks were boosted, with notable gains in companies such as Gao Wei Electronics, which rose by 9.62%, and Sunny Optical Technology, which increased by 3.30% [4] - The positive sentiment was driven by President Trump's announcement of a 100% tariff on imported semiconductors, exempting companies manufacturing in the U.S. [4] - Apple announced a new $100 billion investment plan in the U.S., increasing its total investment to $600 billion over four years, which is expected to positively impact related stocks [5] Semiconductor Sector - Semiconductor stocks also saw gains, with Huahong Semiconductor and SMIC rising by 2.52% and 0.76%, respectively [5][6] Gaming Sector - The gaming sector continued to rise, with companies like China Star Group and Sands China increasing by 7.43% and 5.01%, respectively [7][8] - Macau's gaming revenue for July reached 22.125 billion MOP, a year-on-year increase of 19%, marking a post-pandemic high [8] Real Estate Sector - The real estate sector showed signs of recovery, with New World Development rising by over 10% and other companies like Wharf Holdings and China Jinmao increasing by over 3% [10][11] - Recent policy adjustments in core cities are expected to support the real estate market, focusing on stabilizing measures [11] Pharmaceutical Sector - The pharmaceutical sector faced pressure, with companies like CanSino Biologics and Innovent Biologics experiencing declines of 8.06% and 7.16%, respectively [12][13] - President Trump's upcoming announcement regarding new tariffs on pharmaceuticals is contributing to the sector's downturn [12] Cao Cao Mobility - Cao Cao Mobility saw a significant increase of over 18% following the announcement of a strategic cooperation with Victory Securities regarding virtual asset collaboration [14][16]

Market Overview - The Hong Kong stock market showed a rebound today, with the Hang Seng Index closing at 25,081.63 points, up 0.69% or 171 points, and a total turnover of HKD 2,457.48 million [1] - The Hang Seng China Enterprises Index rose by 0.55% to 8,981.73 points, while the Hang Seng Tech Index increased by 0.26% to 5,546.73 points [1] Blue-Chip Performance - Wharf Real Estate Investment Company (01997) saw a rise of 4.9%, closing at HKD 25.7, contributing 3.17 points to the Hang Seng Index [2] - Sands China (01928) increased by 5.01% to HKD 20.54, contributing 3.74 points, while Xiaomi Group (01810) fell by 3.98%, dragging the index down by 61.48 points [2] Sector Highlights - Major tech stocks had mixed performances, with Alibaba rising over 2% and Baidu up 1.64%, while Xiaomi dropped nearly 4% [3] - The brain-computer interface sector saw significant gains, with Nanjing Panda Electronics (600775) surging 19% [4][5] - The gaming sector experienced a broad rally, with Sands China and other gaming stocks rising due to positive forecasts for Macau's gaming revenue [5][6] Investment Trends - Apple announced an additional USD 100 billion investment in the U.S., bringing its total investment commitment to USD 600 billion over four years, which is expected to boost related stocks [4] - The brain-computer interface industry is projected to grow rapidly, with the Chinese government aiming for breakthroughs in key technologies by 2027 [5] - Morgan Stanley raised its forecast for Macau's gaming revenue growth from 5% to 10% for the year, indicating a positive outlook for the sector [6] Notable Stock Movements - Caocao Travel (02643) surged 18.11% after signing a strategic cooperation memorandum with a financial institution [8] - IGG (00799) climbed 15.51% following the success of its new mobile game in the U.S. market [9] - Unified Enterprise China (00220) rose 4% after reporting a 10.6% increase in revenue for the first half of the year [11] - Delin Holdings (01709) fell 8.96% due to a share placement announcement at a discount [12]