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<Research>Citi Keeps MO Sep GGR Forecast at MOP20B
Recommend 24 Positive 51 Negative 19 |
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Industry survey data shows that Macau's GGR for the first 7 days of September may reach approx. MOP4.45 billion, implying an average daily GGR of about MOP636 million, Citi Research issued a research report saying. Due to the recent start of the school and September being a seasonally slower GGR month, the moderate GGR performance is expected. The broker maintained its September GGR forecast at MOP20 billion, and estimated a YoY growth of 16%, reaching 91% of the level seen in the same period of 2019, implying that the average daily GGR for the remainder of the month is expected to be MOP676 million. AASTOCKS Financial News Website: www.aastocks.com |
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