| 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.09.12 | 100.00 | 16.650 | 16.260 | 1642.49 | | 2025.09.11 | 100.00 | 16.450 | 16.040 | 1624.63 | | 2025.09.10 | 100.00 | 16.200 | 16.000 | 1608.69 | | 2025.09.08 | 100.00 | 16.060 | 15.700 | 1584.40 | | 2025.09.05 | 100.00 | 15.870 | 15.680 | 1577.56 | | 2025.09.04 | 100.00 | 15.970 | 15.580 | 1568.73 | | 2025.09.03 | 100.00 | 16.000 | 15.830 | 1595.06 | | 2025.09.02 | 100.00 | 16.070 | 15.770 | 1590 ...

Core Insights - The report highlights the performance of the Hong Kong stock market, with the Hang Seng Index at 26,086 points, reflecting a year-to-date increase of 30.0% despite a daily decline of 0.4% [3] - The report discusses the impact of macroeconomic factors, including the recent interest rate adjustments by the People's Bank of China and ongoing trade tensions between China and the U.S., which are expected to influence market conditions in the short to medium term [10][11] - The report provides a detailed analysis of the performance of individual stocks within the Hang Seng Index, noting significant gains for companies like SMIC and China Hongqiao, while highlighting losses for companies such as Hansoh Pharmaceutical [4][25] Market Overview - The Hang Seng Index has seen a trading volume of HKD 3,252.1 billion, with a price-to-earnings (PE) ratio of 11.9 and a price-to-book (PB) ratio of 1.22 [5] - The report notes that the H-share index and technology index also experienced declines, with the H-share index at 9,260 points, down 0.7% for the day and up 27.0% year-to-date [3][11] - The report indicates that the A-share market has shown positive performance, with the Shanghai Composite Index rising to 3,875 points, an increase of 1.7% [13] Company Performance - Galaxy Entertainment reported a year-on-year revenue increase of 8.3% to HKD 23.25 billion, with adjusted EBITDA rising 14.2% to HKD 6.87 billion, and a net profit increase of 19.4% to HKD 5.24 billion [25][26] - The report details the revenue breakdown for Galaxy Entertainment, noting a 10.7% increase in gaming operations revenue, while hotel and shopping center revenues grew by 2.5% [25] - The company's total assets are approximately HKD 94.8 billion, with total liabilities decreasing by 18.9% to HKD 14.7 billion, indicating a strong balance sheet [26] New Stock Dynamics - The report outlines upcoming IPOs, including Health 160 and Jinfang Pharmaceutical-B, with expected market interest due to their moderate fundraising sizes and potential for high demand [30][31] - The report provides insights into the pricing and expected market performance of these new listings, suggesting a favorable environment for new stock offerings [31]

Market Performance - US stock indices reached new highs, with the Chinese concept index rising by 2.89% [1] - Hong Kong's three major indices opened significantly higher, with the Hang Seng Index up 1.74%, the National Index up 1.73%, and the Hang Seng Tech Index up 1.97%, all hitting new phase highs [1] Sector Performance - Large technology stocks showed strong performance, reportedly starting to use self-developed chips for AI model training, with Alibaba and Baidu opening up by 5.86% and 3.76% respectively, and JD.com rising by 3.47% [1] - Other tech stocks like Tencent and Kuaishou increased by over 2%, while Xiaomi and Meituan also saw gains [1] - Biopharmaceutical stocks rebounded, with Zai Lab rising by 5.6% and BeiGene increasing by over 5% [1] - Evergrande Property resumed trading and surged by 38%, leading the property management sector's rise [1] - Shipping, domestic real estate, gaming, internet healthcare, gold, and automotive stocks all experienced gains [1] Decliners - Some Apple concept stocks, new consumption concept stocks, and domestic insurance stocks saw declines, with Hongteng Precision dropping nearly 3%, and Hu Shang Aunt down by 1.66% [1] - China Pacific Insurance fell by nearly 1% [1]

证券时报·数据宝统计，美高梅中国在港交所公告显示，9月11日以每股16.040港元至16.450港元的价格 回购100.00万股，回购金额达1624.63万港元。该股当日收盘价16.450港元，上涨1.73%，全天成交额 1.10亿港元。 自9月10日以来公司已连续2日进行回购，合计回购200.00万股，累计回购金额3233.33万港元。 其间该 股累计上涨3.92%。 今年以来该股累计进行20次回购，合计回购1900.22万股，累计回购金额2.94亿港元。（数据宝） | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.09.11 | 100.00 | 16.450 | 16.040 | 1624.63 | | 2025.09.10 | 100.00 | 16.200 | 16.000 | 1608.69 | | 2025.09.08 | 100.00 | 16.060 | 15.700 | 1584.40 | | 2025.09.05 | 100.00 | 15.870 | ...

智通财经APP讯，美高梅中国(02282)发布公告，于2025年9月11日斥资1624.63万港元回购股份100万 股，每股回购价格为16.04-16.45港元。 ...

Core Insights - The report highlights the recent performance of the Hong Kong stock market, with the Hang Seng Index reaching approximately 26,200 points, reflecting a year-to-date increase of 30.6% [11][12]. - The report discusses the impact of various economic factors, including the People's Bank of China's recent adjustments to interest rates and the ongoing tensions in US-China trade relations, which are expected to influence market conditions in the short to medium term [11][12]. - The report provides a detailed analysis of the performance of individual stocks within the Hang Seng Index, identifying the best and worst performers, with Lenovo Group (0992) showing a daily increase of 4.6% and a year-to-date increase of 15.6% [4]. Market Overview - The Hang Seng Index recorded a trading volume of HKD 2,882.1 billion, with a price-to-earnings (PE) ratio of 12.0 and a price-to-book (PB) ratio of 1.22 [5]. - The H-share Index had a trading volume of HKD 1,191.4 billion, with a PE ratio of 10.7 and a PB ratio of 1.10 [5]. - The technology index reported a trading volume of HKD 962.2 billion, with a PE ratio of 22.7 and a PB ratio of 3.33 [5]. Company Performance - Galaxy Entertainment (0027.HK) reported a 8.3% year-on-year increase in operating revenue to HKD 23.25 billion, with adjusted EBITDA rising 14.2% to HKD 6.87 billion [26]. - The company declared an interim dividend of HKD 0.70 per share, reflecting a strong overall performance [26]. - The gaming operations revenue increased by 10.7% to HKD 18.58 billion, while hotel and shopping center revenues grew by 2.5% to HKD 3.17 billion [26]. New Stock Dynamics - The report outlines upcoming IPOs, including Hesai Technology (2525) with a listing price of HKD 228.00 and a maximum fundraising amount of approximately HKD 3.876 billion [31]. - Health 160 (2656) is set to list with a price range of HKD 11.89 to 14.86, aiming to raise up to HKD 500 million [31]. - The report notes that the market sentiment for these new listings is expected to be moderate [32][33].

今年以来该股累计进行19次回购，合计回购1800.22万股，累计回购金额2.78亿港元。（数据宝） 美高梅中国回购明细 证券时报·数据宝统计，美高梅中国在港交所公告显示，9月10日以每股16.000港元至16.200港元的价格 回购100.00万股，回购金额达1608.69万港元。该股当日收盘价16.170港元，上涨2.15%，全天成交额 1.83亿港元。 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.09.10 | 100.00 | 16.200 | 16.000 | 1608.69 | | 2025.09.08 | 100.00 | 16.060 | 15.700 | 1584.40 | | 2025.09.05 | 100.00 | 15.870 | 15.680 | 1577.56 | | 2025.09.04 | 100.00 | 15.970 | 15.580 | 1568.73 | | 2025.09.03 | 100.00 | 16.000 | 15.83 ...

Investment Rating - The report assigns an "Outperform" rating to multiple companies in the discretionary sector, including Nike, Midea Group, JD Group, Haier Smart Home, Anta Sports, Gree Electric, and others [1]. Core Insights - The report emphasizes the focus on consumer sub-sectors with favorable risk/reward ratios, highlighting bottom opportunities in the market [1][4]. - The performance of various consumer sectors is analyzed, with gold and jewelry, overseas cosmetics, and domestic cosmetics showing positive growth, while luxury goods and overseas sportswear sectors experienced declines [4][12]. Sector Performance Review - Weekly performance rankings indicate that the gold and jewelry sector led with a 4.0% increase, followed by overseas cosmetics at 1.7% and domestic cosmetics at 1.4%. In contrast, overseas sportswear saw a significant decline of 4.2% [4][12]. - Monthly performance shows overseas cosmetics leading with an 8.8% increase, while overseas sportswear experienced a decline of 2.9% [12]. - Year-to-date performance highlights gold and jewelry with a remarkable 175.3% increase, while overseas sportswear faced a decline of 12.0% [12][13]. Sector Valuation Analysis - Most sectors are valued below their average over the past five years, with the overseas sportswear sector expected PE at 34.3 times, which is 61% of its historical average. The domestic sportswear sector is expected to have a PE of 14.1 times, 80% of its historical average [9][18]. - The gold and jewelry sector's expected PE is 27.1 times, 48% of its historical average, while the luxury goods sector is expected at 24.3 times, 44% of its historical average [9][18]. - The report indicates that all sectors' expected PE for 2025 is lower than their historical averages, with only the household goods sector's EV/EBITDA exceeding its historical average [18].

（原标题：美高梅中国(02282.HK)9月5日回购100.00万股，耗资1577.56万港元） 证券时报•数据宝统计，美高梅中国在港交所公告显示，9月5日以每股15.680港元至15.870港元的价格回 购100.00万股，回购金额达1577.56万港元。该股当日收盘价15.830港元，上涨0.76%，全天成交额1.14 亿港元。 今年以来该股累计进行17次回购，合计回购1600.22万股，累计回购金额2.46亿港元。（数据宝） 美高梅中国回购明细 | 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.09.05 | 100.00 | 15.870 | 15.680 | 1577.56 | | 2025.09.04 | 100.00 | 15.970 | 15.580 | 1568.73 | | 2025.09.03 | 100.00 | 16.000 | 15.830 | 1595.06 | | 2025.09.02 | 100.00 | 16 ...

智通财经APP讯，美高梅中国(02282)发布公告，于2025年9月5日，该公司斥资1577.56万港元回购100万 股。 ...