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<Research>UBS Expects MO Mar Avg. Daily GGR to Rise 9% YoY; Sector Top Pick SANDS CHINA LTD
Recommend 2 Positive 6 Negative 7 |
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Macau's daily average GGR over the past seven days was approx. MOP721 million, higher than approx. MOP700 million in the previous seven days, UBS released a research report saying. This brings the MTD daily average GGR to about MOP709 million, representing a YoY increase of around 12% and a MoM decrease of about 4%. The broker predicted Macau's March daily average GGR to be about MOP690 million, up 9% YoY, implying a daily average GGR of about MOP643 million for the remaining 9 days of the month. UBS maintained a positive view on the industry, and preferred Melco Resorts & Entertainment (MLCO.US)/ SANDS CHINA LTD (01928.HK) as its sector top picks, with target prices of US$9.4/ $20.4 each, and both rated at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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