Movement Alert|Sands China Rises 3.08% in Regular Trading, Macau May Gaming Revenue Beats Expectations at 6.7% YoY Growth

Market Focus06-02

On June 2, Sands China rose 3.08% in regular trading, trading at HK$16.38/share, with trading volume of HK$286 million.

The rally was driven by better-than-expected Macau May gaming revenue data. The Macau Gaming Inspection and Coordination Bureau reported May gross gaming revenue of MOP 22.611 billion, up 6.7% year-over-year and 14% month-over-month, surpassing market expectations of approximately 5% growth. Cumulative January-to-May gross gaming revenue reached MOP 108.379 billion, representing 10.9% year-over-year growth.

Morgan Stanley issued a bullish note on Sands China the same day, citing its dividend yield as more attractive than other Hang Seng Index constituents. While the bank expects June revenue to dip 1% YoY to MOP 20.8 billion due to World Cup disruptions and a higher base, it maintains a constructive view. Analysts also noted that industry reinvestment competition has likely peaked, supporting potential margin recovery in coming quarters. Within the Casinos and Gaming sector, MGM China led gains at 7.19%, Wynn Macau rose 4.06%, and Galaxy Entertainment gained 2.19%.

(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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