WYNN MACAU to Increase Salaries by Up to 4.5% in March
Employee Pay Raise Announcement: Wynn Macau and Wynn Palace will implement a pay raise for eligible employees, excluding senior management, starting in March, benefiting 98% of staff.
Details of the Raise: Employees earning MOP16,000 or less will receive a MOP500 increase, translating to a raise of 3.1-4.5%.
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SANDS CHINA LTD Rises Over 4% Despite Market Trends, Following Strong January GGR from MO
Macau's GGR Performance: Macau's January Gross Gaming Revenue (GGR) reached MOP22.633 billion, reflecting a 24% year-over-year increase and surpassing market expectations by about 5%.
Stock Market Reactions: Major gaming companies like Sands China and Galaxy Entertainment saw their stock prices rise, with Sands China up 4.58% and Galaxy Entertainment up 0.95%, despite initial declines.
Market Forecasts: Analysts from Morgan Stanley and CLSA predict continued growth in Macau's GGR, with expectations of an 18% year-over-year increase in the first quarter and potential upside risks to annual growth forecasts.
Short Selling Data: The report includes short selling statistics for various companies, indicating varying levels of market confidence, with SJM Holdings showing a notably high short selling ratio of 29.649%.
Jefferies Anticipates 19-21% Year-over-Year Growth in MO January GGR
Macau GGR Performance: For the week ending 25 January, Macau's average daily gross gaming revenue (GGR) was MOP695 million, showing an 18% year-over-year increase but a slight week-over-week decline of 1%. Both mass and VIP GGR grew by 6-8% month-to-date, despite a slight decrease in win rate.
Future GGR Projections: Jefferies estimates that the average daily GGR for the remaining days of January will be between MOP650 million and MOP720 million, leading to a total monthly GGR of MOP21.7-22.1 billion, which represents a year-over-year increase of 19-21%.
Market Outlook: G Sachs anticipates a 4% to ~30% quarter-over-quarter growth in the gaming industry and Galaxy Entertainment's EBITDA for Q4 2025, suggesting a positive outlook for the upcoming Lunar New Year performance.
Stock Recommendations: Jefferies continues to favor stocks such as WYNN MACAU, SANDS CHINA LTD, GALAXY ENT, Las Vegas Sands, and Wynn Resorts, indicating confidence in their market performance despite varying short selling ratios.
UBS Reports 21% Year-over-Year Increase in Average Daily GGR for January So Far
Macau GGR Performance: Macau's average daily Gross Gaming Revenue (GGR) over the past week was approximately MOP693 million, remaining stable compared to the previous week, with a month-to-date average of MOP712 million, reflecting a 21% year-over-year increase.
Hotel Occupancy for Lunar New Year: As the Lunar New Year approaches, 27 out of 32 hotels monitored are fully booked, mirroring last year's occupancy rates.
Stock Recommendations: UBS has identified GALAXY ENT and WYNN MACAU as top picks in the gaming sector, maintaining a "Buy" rating with target prices of $46.9 and $8.9, respectively.
Short Selling Data: The short selling data indicates significant activity, with GALAXY ENT experiencing $62.28 million in short sales and a ratio of 19.337%, while WYNN MACAU had $2.67 million in short sales with a ratio of 15.110%.
UBS H-Shr Top Picks Update: SINO LAND Added, HENDERSON LAND Removed; HK Investors Show More Caution in Investment and Spending Plans Than Anticipated
Survey Findings: UBS's survey indicates that Hong Kong residents are exhibiting cautious investment and consumption intentions, with a decline in positive economic outlook over the next year.
Stable Financial Situation: Despite the cautious sentiment, respondents reported a stable financial situation over the past year, leading to consistent investment intentions.
Stock Recommendations: UBS has updated its top stock picks, replacing HENDERSON LAND with SINO LAND due to better dividend visibility, while maintaining a positive view on the real estate and financial sectors.
Additional Stock Picks: Other stocks included in UBS's recommendations are AIA, SWIRE PROPERTIES, GALAXY ENT, and WYNN MACAU, each with varying short selling ratios.
WYNN MACAU to Increase Salaries by Up to 4.5% in March
Employee Pay Raise Announcement: Wynn Macau and Wynn Palace will implement a pay raise for eligible employees, excluding senior management, starting in March, benefiting 98% of staff.
Details of the Raise: Employees earning MOP16,000 or less will receive a MOP500 increase, translating to a raise of 3.1-4.5%.
UBS Favors GALAXY ENTERTAINMENT and WYNN MACAU; MO GGR Remains Steady in Early January
Macau's GGR Performance: Macau's gross gaming revenue (GGR) averaged MOP693 million per day recently, lower than the MOP800 million seen earlier this month, but still showing a solid average of MOP732 million month-to-date, reflecting a 24% year-on-year growth.
Comparison to Historical Data: The current GGR growth outperforms the seasonal month-on-month growth of about 2% observed from 2015 to 2019, indicating a strong recovery in the gaming sector.
UBS Recommendations: UBS has identified GALAXY ENT and WYNN MACAU as its top picks in the gaming sector, suggesting confidence in their performance amidst the current market conditions.
Short Selling Data: The report includes short selling data for both stocks, with GALAXY ENT showing a short selling ratio of 9.164% and WYNN MACAU at 8.143%, indicating investor sentiment towards these stocks.
SANDS CHINA LTD Rises Over 4% Despite Market Trends, Following Strong January GGR from MO
Macau's GGR Performance: Macau's January Gross Gaming Revenue (GGR) reached MOP22.633 billion, reflecting a 24% year-over-year increase and surpassing market expectations by about 5%.
Stock Market Reactions: Major gaming companies like Sands China and Galaxy Entertainment saw their stock prices rise, with Sands China up 4.58% and Galaxy Entertainment up 0.95%, despite initial declines.
Market Forecasts: Analysts from Morgan Stanley and CLSA predict continued growth in Macau's GGR, with expectations of an 18% year-over-year increase in the first quarter and potential upside risks to annual growth forecasts.
Short Selling Data: The report includes short selling statistics for various companies, indicating varying levels of market confidence, with SJM Holdings showing a notably high short selling ratio of 29.649%.
Jefferies Anticipates 19-21% Year-over-Year Growth in MO January GGR
Macau GGR Performance: For the week ending 25 January, Macau's average daily gross gaming revenue (GGR) was MOP695 million, showing an 18% year-over-year increase but a slight week-over-week decline of 1%. Both mass and VIP GGR grew by 6-8% month-to-date, despite a slight decrease in win rate.
Future GGR Projections: Jefferies estimates that the average daily GGR for the remaining days of January will be between MOP650 million and MOP720 million, leading to a total monthly GGR of MOP21.7-22.1 billion, which represents a year-over-year increase of 19-21%.
Market Outlook: G Sachs anticipates a 4% to ~30% quarter-over-quarter growth in the gaming industry and Galaxy Entertainment's EBITDA for Q4 2025, suggesting a positive outlook for the upcoming Lunar New Year performance.
Stock Recommendations: Jefferies continues to favor stocks such as WYNN MACAU, SANDS CHINA LTD, GALAXY ENT, Las Vegas Sands, and Wynn Resorts, indicating confidence in their market performance despite varying short selling ratios.
UBS Reports 21% Year-over-Year Increase in Average Daily GGR for January So Far
Macau GGR Performance: Macau's average daily Gross Gaming Revenue (GGR) over the past week was approximately MOP693 million, remaining stable compared to the previous week, with a month-to-date average of MOP712 million, reflecting a 21% year-over-year increase.
Hotel Occupancy for Lunar New Year: As the Lunar New Year approaches, 27 out of 32 hotels monitored are fully booked, mirroring last year's occupancy rates.
Stock Recommendations: UBS has identified GALAXY ENT and WYNN MACAU as top picks in the gaming sector, maintaining a "Buy" rating with target prices of $46.9 and $8.9, respectively.
Short Selling Data: The short selling data indicates significant activity, with GALAXY ENT experiencing $62.28 million in short sales and a ratio of 19.337%, while WYNN MACAU had $2.67 million in short sales with a ratio of 15.110%.
UBS H-Shr Top Picks Update: SINO LAND Added, HENDERSON LAND Removed; HK Investors Show More Caution in Investment and Spending Plans Than Anticipated
Survey Findings: UBS's survey indicates that Hong Kong residents are exhibiting cautious investment and consumption intentions, with a decline in positive economic outlook over the next year.
Stable Financial Situation: Despite the cautious sentiment, respondents reported a stable financial situation over the past year, leading to consistent investment intentions.
Stock Recommendations: UBS has updated its top stock picks, replacing HENDERSON LAND with SINO LAND due to better dividend visibility, while maintaining a positive view on the real estate and financial sectors.
Additional Stock Picks: Other stocks included in UBS's recommendations are AIA, SWIRE PROPERTIES, GALAXY ENT, and WYNN MACAU, each with varying short selling ratios.
WYNN MACAU to Increase Salaries by Up to 4.5% in March
Employee Pay Raise Announcement: Wynn Macau and Wynn Palace will implement a pay raise for eligible employees, excluding senior management, starting in March, benefiting 98% of staff.
Details of the Raise: Employees earning MOP16,000 or less will receive a MOP500 increase, translating to a raise of 3.1-4.5%.
UBS Favors GALAXY ENTERTAINMENT and WYNN MACAU; MO GGR Remains Steady in Early January
Macau's GGR Performance: Macau's gross gaming revenue (GGR) averaged MOP693 million per day recently, lower than the MOP800 million seen earlier this month, but still showing a solid average of MOP732 million month-to-date, reflecting a 24% year-on-year growth.
Comparison to Historical Data: The current GGR growth outperforms the seasonal month-on-month growth of about 2% observed from 2015 to 2019, indicating a strong recovery in the gaming sector.
UBS Recommendations: UBS has identified GALAXY ENT and WYNN MACAU as its top picks in the gaming sector, suggesting confidence in their performance amidst the current market conditions.
Short Selling Data: The report includes short selling data for both stocks, with GALAXY ENT showing a short selling ratio of 9.164% and WYNN MACAU at 8.143%, indicating investor sentiment towards these stocks.
