GXYYY GALAXY ENTMT GRO
- 24.500
- +0.700+2.94%
GALAXY ENTMT GRO News
Intraday quick overview | The Science Index rose more than 1% to reach the 4,000 mark; port transport stocks were strong, and COSCO Marine Control rose more than 6%
Water stocks soared across the board. China Water Services rose more than 9%, Beijing Water Group rose more than 8%; high-speed rail infrastructure stocks collectively rallied, CRRC rose more than 9%, and Times Electric rose nearly 7%.
Macau Casino Operators' Shares Rise After China Expands Travel Visa Scheme
Macau casino operators' shares rose after China expanded its individual travel visa scheme to both Macau and Hong Kong to include eight more mainland cities.
Direct impact of changes | Gaming stocks rose in early trading, May 1st Macau gaming revenue was in line with expectations, and the impact of the new Hong Kong and Macau travel policy was positive
Gaming stocks were higher in early trading. As of press release, Wynn Macau (01128) rose 4.26% to HK$8.33; Aobo Holdings (00880) rose 4.14% to HK$3.02; and MGM China (02282) rose 3.29% to HK$15.06.
Bank Ratings | Macquarie: Banking Entertainment is the first choice for Macau gambling revenue expectations during the Labor Day holiday
Glonghui, May 7 | Macquarie published a research report quoting third party data. The average daily revenue (ADR) of the Macau gaming industry for the first 5 days of May was MOP 910 million. At the same time, it was pointed out that although many travellers' itineraries have been cancelled due to the recent bad weather in Macau and Guangdong, the ADR level since May is still 47% higher than the previous month. Macquarie assumes that the ADR for the rest of May will be between MOP 580 million and MOP 650 million. In addition to third-party data estimates, Macau's total gaming revenue in May will reach 19.6 billion to MOP 21.5 billion, or 76% to 8% of 2019 levels
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
Changes in Hong Kong stocks | Gaming stocks continued to rise, Macau's gaming revenue in April beat expectations, and the number of inbound visitors during the “May 1st” Golden Week was impressive
Gaming stocks continued to rise. As of press release, MGM China was up 7.04%, Belle Palace was up 4.94%, Galaxy Entertainment was up 2.62%, Wynn Macau was up 2.39%, and Sands China was up 1.87%.
Hong Kong stock changes丨Visitors were strong on the first two days of Macau's May 1st Golden Week. Gaming stocks strengthened across the board, and MGM China rose nearly 7%
Glonghui, May 3 | Macau enjoyed a boom in visitors on the first two days of May 1st Golden Week, boosting the overall strength of Hong Kong stock markets. Among them, MGM China rose nearly 7%, Galaxy Entertainment rose more than 3%, Wynn Macau rose more than 2%, and Sands China and Macau International Development rose more than 1%. The Macau Security Police announced that on the second day of May 1st Golden Week in the Mainland, there were nearly 300,000 visitors entering and leaving the country, including 150,000 inbound visitors and 144,000 outbound visitors. Yesterday, the total number of people entering and leaving each port was 652,000. Earlier, the Macau Security Police also announced that 229,000 visitors entered and left the country on the first day of May 1st Golden Week in the Mainland.
Macau's April data performance was good, and the Macau travel sector received attention (with concept stocks)
According to data released by the Macau Gaming Inspection and Coordination Bureau on Wednesday, the total revenue of the gaming industry increased 26% year-on-year to MOP 18.5 billion in April, exceeding market expectations. Revenue is currently around 79% of pre-pandemic levels in 2019.
Hong Kong Stock Afternoon Review | The three major indices rose sharply, domestic housing stocks and insurance stocks rose, Sunac China rose nearly 24%, and AIA Insurance rose nearly 8%
Technet stocks had mixed ups and downs. NetEase rose nearly 3%, Meituan fell nearly 3%; auto stocks rose one after another, with Zero Running up more than 9%, and Xiaopeng Motors rising nearly 5%.
Intraday Overview | The Hang Seng Index entered a technical bull market, and the Tech Index rose more than 1.7%
Technology stocks strengthened; Shangtang and BYD Electronics rose more than 6%, and NIO rose more than 5%; Youbi Choice rose more than 15%, and the company took the lead in developing the “Tiangong” robot platform.
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 10% to lead gaming stocks, and the National Immigration Administration introduced six policies and measures to facilitate entry/exit management for private enterprises
Gaming stocks generally rose in early trading. As of press release, Macau International Development (00200) rose 9.39% to HK$5.94; Sands China (01928) rose 4.38% to HK$19.54; Aobo Holdings (00880) rose 3.5% to HK$2.96; and Galaxy Entertainment (00027) rose 3.09% to HK$36.7.
Changes in Hong Kong stocks 丨 Hao Gaming stocks strengthened collectively, Sands China rose more than 5%, and the Mainland announced a policy to optimize business endorsements
Glonghui, April 29 | Hong Kong stock gambling stocks strengthened collectively. Among them, Macau International rose more than 8%, Aobo Holdings and Sands China rose more than 5%, Galaxy Entertainment and MGM China rose nearly 4%, and Wynn Macau rose nearly 2%. According to the news, the State Administration of Immigration has decided to introduce six policies and measures to facilitate the entry and exit management of private enterprises starting May 6. 1. In 20 cities including Beijing, we have piloted a “full online process” for issuing and issuing additional entry documents. 2. Implement “smart quick processing” and “nationwide processing” for business endorsements to Hong Kong and Macau. 3. The six categories of talents from Beijing and Shanghai can apply for talent endorsements to Hong Kong and Macau. 4. Extend the number of people with business endorsements to Hong Kong and Macau
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.
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 4%, leading the gaming stock market to enter Macau's May 1st Golden Week with an average of 130,000 visitors per day
Gaming stocks rebounded collectively today. As of press release, Macau International Development (00200) rose 3.8% to HK$5.19; Aobo Holdings (00880) rose 3.45% to HK$2.7; Wynn Macau (01128) rose 2.51% to HK$7.36; and Galaxy Entertainment (00027) rose 2.08% to HK$34.35.
Hong Kong bullish stocks this week | 80% increase in the month! TCL Electronics surged more than 16% this week; CRRC surged nearly 11% the day after
Benefiting from the acceleration of nuclear power approval, CGN's stock price has been rising for five consecutive days; coal supply and demand continued to be tight, and Mongolian coking coal increased by more than 11% during the week.
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.”
Morgan Stanley Downgrades Galaxy Entertainment to Equalweight From Overweight, Adjusts Price Target to HK$38 From HK$46
Galaxy Entertainment Group (HKG:0027) has an average rating of buy and price targets ranging from HK$38 to HK$64, according to analysts polled by CapitalIQ.
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