Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Estimates MO GGR to Rise 5-6% in 2026, Profit Growth to Surpass Revenue Growth
Recommend 6 Positive 21 Negative 7 |
||||
|
||||
|
Macau's GGR grew by 15% YoY to MOP20.9 billion in December 2025, recovering to 91% of pre-pandemic levels, according to JPMorgan's research report. This figure, however, was shy of the market's expectation of 18%, mainly due to the market's gradual upward revision of the initially forecasted 15%. Looking ahead to 2026, JPMorgan kept its estimate that Macau's GGR will rise by 5-6% on the expected growth of 7-8% in mass market and slot machine revenue, though VIP room revenue will likely decline by 5%. More importantly, the broker projected a YoY growth of 6-7% in industry profit, which may at last surpass the pace of revenue growth. Regarding stock selection, JPMorgan remained optimistic about SANDS CHINA LTD (01928.HK) in the short term and named GALAXY ENT (00027.HK) as its long-term top pick. Its target prices for SANDS CHINA LTD and GALAXY ENT were HKD24.5 and HKD50 respectively. Both were rated as Overweight. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
