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Hong Kong market overview | The three major indices surged and then fell back, with the Hang Seng Index rising by 0.32%; the tech and Apple Supplier stocks performed well, with Baidu up nearly 4% and COWELL rising over 6%.
Network Technology stocks are mostly rising, Baidu Group-SW is up by 3.85%, NTES-S is up by 2.11%; Apple Supplier stocks are up, COWELL is up by 6.11%, FIH is up by 4.23%; Lithium Battery stocks are rising, LEOCH INT'L is down by 3.21%, HONBRIDGE is up by 2.50%.
Macau Tourism Bureau's director, 文綺華, estimates that over 0.63 million visitors will visit Macau during the May Day Gold Week.
According to reports from Macao Radio, the Director of the Macao Tourism Bureau, Maria Helena de Senna Fernandes, predicts that during the five-day holiday of the Labor Day holiday in mainland China, the average daily number of tourists coming to Macao will range from 0.127 million to 0.14 million, totaling about 0.63 million to 0.7 million. The authorities will work closely with the industry to ensure effective tourism management and hope that the industry will provide more products for tourists to choose from. She also mentioned that attending concerts has become one of the reasons young travelers visit Macao, and hopes that tourists will explore different areas of Macao, boosting the business environment for shops.
Hong Kong Stock Midday Review | All three indexes rise, the Tech Index rises nearly 2%; tech stocks and Mainland Real Estate stocks strengthen, Baidu rises over 5%, RADIANCE HLDGS surges over 43%.
Most Network Technology stocks rose, with Baidu Group-SW up 5.33% and NTES-S up 3.41%; Macau Casino stocks generally rose, with MELCO INT'L DEV up 8.94% and SANDS CHINA LTD up 4.85%; Mobile Game stocks generally rose, with Bilibili-W up 3.69% and NTES-S up 3.41%.
The Secretary for Economy and Finance of Macau: will make lawful arrangements for the coordination and contingency measures during the transition period of the "Satellite".
According to Macao Radio, the Secretary for Economy and Finance, Dai Jianye, attended a legislative council meeting yesterday (23rd) and stated that the Macao government has always regulated the local Gambling industry development in accordance with the principles of legality, health, and order, emphasizing that it will properly coordinate the upcoming end of the transition period for the "Satellite" venues and the contingency measures in accordance with the law.
In the first quarter, the gross revenue from lucky Gambling in Macau was 57.657 billion Macau patacas, a slight increase of 0.4% quarter-on-quarter.
The Macao Gaming Inspection and Coordination Bureau announced that in the first quarter of this year, the gross gaming revenue from lucky betting reached 57.657 billion Macau patacas, showing a slight increase of 0.4% quarter-on-quarter and nearly 0.6% year-on-year. During this period, the number of operating gaming tables approved for lucky betting companies was 6,000, and the number of gaming machines was 0.012 million units, remaining stable both quarter-on-quarter and year-on-year. Additionally, the number of lucky betting casinos in Macao was 30, also remaining stable quarter-on-quarter and year-on-year.
Hong Kong stocks are moving | Macau Casino stocks are rising, MGM CHINA (02282) has increased by over 5%. Macquarie predicts that the Easter period will drive April's gaming revenue close to March levels.
Macau Casino stocks rose collectively in the morning. As of the time of writing, MGM CHINA (02282) is up 5.58%, at 10.02 HKD; MELCO INT'L DEV (00200) is up 4.39%, at 3.57 HKD; Sands China (01928) is up 3.96%, at 13.66 HKD.