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The number of inbound visitors to Macau increased 79% year-on-year in the first quarter to 8.875,800
On April 22, the Macao Statistics and Census Service announced that the total number of inbound visitors in the first quarter of this year was 8.875,800, up 79.4% year on year, and recovered to 85.7% in the same period in 2019.
A quick look at the Hong Kong market | Tech Index fell more than 2%, Tech Net stocks generally declined, and Xiaomi and Kuaishou fell more than 3%
Auto stocks declined, with Ideal Auto and Xiaopeng Motors falling more than 7%; petroleum stocks reversed the market and CNPC rose more than 2%.
Intraday Overview | Hong Kong stocks continued to rise. The three major indices all rose by about 1%, and insurance and aviation stocks had the highest gains
Sporting goods stocks rose, with Anta Sports and Taobo up more than 3%, and Special Step up more than 2%; insurance stocks generally rose; China Ping An and China Financial Insurance rose about 4%; aviation stocks strengthened, and China Southern Airlines rose about 5%.
A quick overview of the Hong Kong market | The three major indices closed up slightly, and the Hang Seng Index stopped falling for 4 consecutive years
Semiconductor stocks strengthened, with Shanghai Fudan up more than 8%; heavy infrastructure stocks rose, with China Metallurgical, China Railway, and China Communications Construction up about 3%.
Xiaomo: Downgrading Galaxy Entertainment (00027) and Melco International Development (00200). Recovery progress is disappointing
Komo sees MGM China (02282) and Wynn Macau (01128) as “clear winners.”
Bank Ratings | J.P. Morgan Chase: Macau Gaming Shares Prefer MGM China and Wynn Macau to Raise Target Prices
Glonghui, April 17 | J.P. Morgan Chase published a research report using “differentiation” to describe Hao Gaming stocks and their operations. Due to a lack of industry catalysts, the bank will continue to focus on finding industry leaders through bottom-up analysis. MGM China and Wynn Macau are the main “additional” stocks. The target price for the former was raised from HK$17 to HK$18, while the target price for the latter was raised from HK$9 to HK$10.5. Additionally, the bank downgraded the Melco International Development Rating from “neutral” to “reduced holdings”, and the target price was reduced from HK$5.5 to HK$4.5; Galaxy Entertainment downgraded from “plus” to “neutral”, and the target price was reduced from HK$54 to HK$4
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