（文章来源：每日经济新闻） 每经AI快讯，中国银河证券发文称，7月澳门博彩毛收入221亿澳门元/同比+19.0%，连续三个月超市场 预期，尤其是7月澳门在受台风影响+张学友演唱会结束后，博彩消费增速未较6月放缓，反映当前澳门 博彩消费需求重拾动力，背后驱动因素则在于澳门入境签证优化+非博彩化成功转型，正在吸引高端博 彩消费者重返澳门。展望Q4，考虑澳门在全运会等赛事活动方面持续丰富，以及中东免签政策有望吸 引富豪游客入境，2H澳门博彩消费有望持续保持高景气。 ...

金融界8月5日消息，上证指数高开高走，中证港股通消费者服务综合指数 (港股通服务，931952)报 2453.33点。 数据统计显示，中证港股通消费者服务综合指数近一个月上涨2.61%，近三个月上涨9.49%，年至今上 涨0.52%。 据了解，中证港股通行业综合指数系列在中证港股通综合指数样本中，按中证行业分类标准进行分类， 以进入各一、二、三级行业的全部证券作为样本编制指数，形成中证港股通行业综合指数系列，以反映 港股通公司中不同行业证券的整体表现。该指数以2021年12月31日为基日，以3000.0点为基点。 从指数持仓来看，中证港股通消费者服务综合指数十大权重分别为：银河娱乐（16.92%）、百胜中国 （15.14%）、美团-W（11.81%）、金沙中国有限公司（10.82%）、海底捞（7.09%）、同程旅行 （6.3%）、蜜雪集团（4.85%）、美高梅中国（4.35%）、古茗（2.61%）、永利澳门（2.42%）。 从中证港股通消费者服务综合指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证港股通消费者服务综合指数持仓样本的行业来看，博彩占比38.27%、餐饮服务占比34.36%、本 ...

Core Points - The CSI Hong Kong Stock Connect Leisure Services Composite Index reported a value of 2487.81 points, showing a 2.08% increase over the past month and an 8.95% increase over the past three months, while it has decreased by 0.48% year-to-date [1] - The index is designed to reflect the overall performance of different industry securities within the Hong Kong Stock Connect, classified according to the China Securities Index industry classification standards [1] Index Composition - The top ten weighted companies in the CSI Hong Kong Stock Connect Leisure Services Composite Index are: Galaxy Entertainment (16.96%), Yum China (15.18%), Sands China Ltd. (11.98%), Meituan-W (11.84%), Haidilao (7.84%), Tongcheng Travel (6.98%), Mixue Group (5.37%), MGM China (4.82%), Guming (2.89%), and Wynn Macau (2.68%) [1] - The index is fully composed of securities listed on the Hong Kong Stock Exchange, with a 100% market share [1] Industry Breakdown - The industry composition of the index shows that gambling accounts for 40.60%, dining services for 36.45%, local life services for 12.77%, tourism services for 6.98%, attractions for 1.84%, and hotels for 1.38% [2] - The index sample is adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December each year [2]

Market Overview - The Hong Kong stock market showed a rebound with the Hang Seng Index rising by 0.68% to close at 24,902.53 points, with a total trading volume of HKD 2,293.99 million [1] - The Hang Seng China Enterprises Index increased by 0.65%, while the Hang Seng Tech Index rose by 0.73% [1] Blue-Chip Stocks Performance - Lenovo Group (00992) reached a new high in over four months, closing up 5.09% at HKD 11.14, contributing 6.8 points to the Hang Seng Index [2] - BYD Electronics (00285) rose by 7.73%, while Bank of China Hong Kong (02388) increased by 4.69% [2] - New Oriental Education (09901) and China Resources Beer (00291) saw declines of 1.26% and 1.1%, respectively [2] Sector Highlights Pharmaceutical Sector - The pharmaceutical sector saw a resurgence, with Junshi Biosciences (01877) soaring by 33.75% to HKD 32.18 [3] - Other notable gains included Genscript Biotech (01672) up 15.39% and Lepu Medical (02157) up 14.78% [3] - Haitong International expressed optimism for the innovative drug industry, suggesting increased allocation to leading innovative drug and CXO companies [4] Paper Industry - The paper industry is experiencing a price increase, with companies like Nine Dragons Paper (02689) and Lee & Man Paper (02314) seeing significant gains [5] - The industry is benefiting from a supply-demand imbalance and a push for high-quality development [5] Steel Sector - The steel sector was active, with Maanshan Iron & Steel (00323) rising by 15.53% [6] - The government’s focus on capacity management is expected to improve profitability in the long term [6] Gaming and Casino Sector - Macau's gaming stocks surged, with major players like MGM China (02282) and Wynn Macau (01128) seeing increases following a strong July revenue report [6] - Macau's gaming revenue reached MOP 221.25 billion, a 19% year-on-year increase, indicating a recovery in demand [6] Notable Stock Movements - Xindong Company (02400) surged by 24.76% after announcing a positive earnings forecast for the first half of 2025 [7] - Oriental Selection (01797) rose by 16.82% following a quarterly earnings report showing improved profitability [8] - China Tower (00788) reported stable revenue growth of RMB 49.601 billion, up 2.8% year-on-year, with a profit increase of 8.0% [10]

Market Overview - The Hong Kong stock market continued its rebound with the Hang Seng Index rising by 0.68%, the Hang Seng China Enterprises Index increasing by 0.65%, and the Hang Seng Tech Index up by 0.73% [1] - Major tech stocks showed mixed performance, with Kuaishou rising nearly 3%, Tencent and NetEase up over 1%, while Meituan, Baidu, Alibaba, and Xiaomi experienced slight declines [4][1] Sector Performance - The biopharmaceutical sector saw significant gains, with Junshi Biosciences surging over 33% [1][6] - The paper industry is experiencing a new round of price increases, with leading companies like Chenming Paper rising nearly 15% [1][5] - Steel stocks also performed well, with Maanshan Iron & Steel rising over 15% [1][9] - Mobile gaming stocks collectively increased, with Xindong Company rising nearly 25% [1][11] Specific Stock Movements - Junshi Biosciences reached a price of 32.18, up by 33.75% [7] - Kuaishou's stock price increased to 70.80, reflecting a rise of 24.76% [12] - The Macau gaming sector showed resilience, with July gaming revenue reaching 22.125 billion MOP, a year-on-year increase of 19% [8] Weak Performances - The automotive sector remained sluggish, with NIO dropping over 6% and other manufacturers like Li Auto and BYD also declining [15] - Semiconductor stocks fell, with InnoTek down over 6% [14] - Education stocks experienced declines, with Neusoft falling over 13% [16] Capital Flows - Southbound funds recorded a net inflow of 23.426 billion HKD, with significant contributions from both Shanghai and Shenzhen stock connect [18] Future Outlook - The market outlook remains positive for sectors benefiting from policy support, including automotive, new consumption, innovative pharmaceuticals, and technology [20]

Group 1 - The core viewpoint of the article highlights the significant stock price increase of Melco International Development, which rose by 5.04% to HKD 5.42 per share, with a trading volume of HKD 35.66 million [1] - Melco International Development Limited is a Hong Kong investment holding company focused on entertainment and property businesses, owning exclusive gaming rights in Macau and operating entertainment resorts [1] - The company has achieved notable success since its business repositioning, receiving various accolades and maintaining leadership in corporate governance and financial stability [1] Group 2 - As of the 2024 annual report, Melco International Development reported total revenue of HKD 33.498 billion and a net profit of negative HKD 0.727 billion [2]

Group 1 - The core viewpoint is that Macau's gaming revenue has shown significant recovery, with July's gross gaming revenue reaching 22.125 billion MOP, a year-on-year increase of 19% [1] - For the first seven months of the year, Macau's total gaming revenue reached 140.896 billion MOP, reflecting a year-on-year growth of 6.5% [1] - Morgan Stanley's report indicates that July's gaming revenue growth exceeded market expectations by 6 percentage points, with recovery rates of approximately 90% compared to pre-pandemic levels [1] Group 2 - The strong data from July counters the argument that growth in June was solely driven by a specific event, suggesting a broader improvement in demand since the second quarter [2] - High-end customer segments in VIP and premium mass gaming have been recovering since April, indicating that Macau's recovery may serve as a leading indicator for high-end consumption in China [2] - Two out of three gaming companies that reported second-quarter earnings significantly exceeded expectations, alleviating concerns about increased competition due to promotional activities by Sands China [2]

Group 1 - The core index, the Chinese Trading Services Gaming Industry Index (CESG10), increased by 0.68% to 3244.45 points with a trading volume of 867 million [1] - The CESG10 index has risen by 18.48% over the past month, 42.97% over the past three months, and 19.86% year-to-date [1] - The index is compiled by China Securities Index Co., Ltd. and is designed to reflect the overall performance of the top ten gaming securities listed on the Hong Kong Stock Exchange [1] Group 2 - The CESG10 index has a base date of March 4, 2011, with a base point of 3000.0 [1] - The index's holdings are entirely composed of securities listed on the Hong Kong Stock Exchange, with a 100% allocation to the consumer discretionary sector [1]

Company Rating - The report assigns a "Buy" rating to Inspur Digital Enterprise (596) with a target price of HKD 14.3, indicating a potential upside of 36.5% from the current price of HKD 10.48 [2][8]. Core Insights - Inspur Digital Enterprise is positioned as a leading ERP software provider in China, benefiting from its state-owned background and extensive client base, which includes 79 central enterprises and over 120,000 corporate clients [5][6]. - The acceleration of domestic digital transformation and the push for localization in technology provide significant market opportunities for the company, particularly in the ERP sector [6][8]. - The company's cloud service revenue has shown remarkable growth, increasing from RMB 510 million in 2020 to RMB 2.76 billion in 2024, with a compound annual growth rate (CAGR) of 53.3% [7][8]. Financial Summary - The report forecasts the company's net profit for 2025, 2026, and 2027 to be RMB 5.3 billion, RMB 6.5 billion, and RMB 8.0 billion respectively, with earnings per share (EPS) projected at RMB 0.46, RMB 0.57, and RMB 0.70 [9][8]. - The total revenue for the fiscal years 2023 to 2027 is expected to grow from RMB 8.29 billion in 2023 to RMB 10.87 billion in 2027, reflecting a steady growth trajectory [9][8]. Market Position - Inspur Digital Enterprise is uniquely positioned as the only major SaaS provider with state-owned backing, which aligns well with the security needs of central and state-owned enterprises [6][8]. - The company has established a strong foundation for market expansion through long-term collaborations with various central enterprises, enhancing its industry experience and customer resource base [6][8].

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]