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Market Performance: The HSI rose 61 points (0.2%) to close at 26,095, marking a two-day increase, while the HSCEI gained 9 points (0.1%) to close at 9,182. The HSTECH fell 20 points (0.4%) to 5,624, with total market turnover at $178.247 billion.

Macau Casino Revenue: Macau's November GGR exceeded expectations, with notable gains in casino stocks such as GALAXY ENT (+2.8%), SANDS CHINA (+2.1%), and MGM CHINA (+2.1%), reflecting strong broker support.

Automaker Performance: XIAOMI-W saw nearly a 1% increase as it surpassed its vehicle delivery target, while BYD COMPANY's November NEV sales beat expectations, boosting its share price by 2.2%. GEELY AUTO's sales rose 24% YoY, but its stock slipped 0.6%.

Challenges for EV Companies: XPENG-W and NIO-SW faced significant declines of 5.5% and 6.7%, respectively, due to falling deliveries and negative reports, while LI AUTO-W dropped 0.8% amid a lack of strong catalysts.

Macau's GGR Recovery: Macau's Gross Gaming Revenue (GGR) increased by 14% year-on-year to MOP21.1 billion, reaching 92% of pre-pandemic levels, marking the best recovery since the pandemic, with expectations for further growth in December.

JPMorgan's Optimism: JPMorgan forecasts a potential GGR growth of over 20% by the end of 2025, predicting a strong quarterly performance in 4Q25, significantly exceeding market expectations.

Investment Preferences: JPMorgan favors SANDS CHINA LTD and GALAXY ENT as top picks for Macau casino stocks, citing their strong growth potential, while avoiding MELCO INT'L DEV and SJM HOLDINGS.

Long-term Projections: GALAXY ENT is highlighted for its long-term value, particularly with its Phase 4 project expected to open in 2027, which may positively impact its stock price in the near future.