On May 29, Sands China rose 3.02% in regular trading, trading at HK$15.36/share, with trading volume of HK$59.04 million. The stock gained alongside broader strength in the Macau gaming sector.
On the news front, JP Morgan recently published a research note stating that Macau's gaming revenue for the first 25 days of May reached MOP 17.9 billion, translating to average daily gaming revenue of MOP 716 million. The bank maintained its forecast of 2-4% year-over-year growth in May gaming revenue, with June and July growth expected to stabilize. JP Morgan highlighted Sands China as a value pick for investors focused on medium-term opportunities, ranking it as a top preference alongside Galaxy Entertainment and Wynn Macau.
Within the Casinos and Gaming sector, multiple peers posted gains: MGM China up 3.65%, SJM Holdings up 3.31%, Wynn Macau up 1.25%, NagaCorp up 1.72%, and Galaxy Entertainment up 0.97%, reflecting broad sector momentum supported by positive gaming revenue data.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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