BUZZ-Galaxy leads gains in Macau gaming stocks after strong Jan revenue

Reuters02-01

** Galaxy Entertainment leads gains in Macau gaming stocks, rising as much as 6.2% to HK$43.10

** Stock hits its highest level since Jan 8, and on course to snap a two-session slide

** Stock on track for biggest one-day pct rise since November 2022, if current gains hold; fifth biggest pct gainer in the Hang Seng Commerce & Industry Index

** Macau says January gambling revenue up 67% YoY to 19.3 bln patacas ($2.40 bln)

** UOB Kay Hian wrote in a note last week that it expected to see sustained growth in premium mass markets in 2024, thanks to premium players' strong spending power and upgraded new facilities as attractions, and Galaxy remained its top pick

** SJM , Sands China , Wynn Macau

, MGM China and Melco International climb between 3.2% and 6.1%

** The Hang Seng Commerce & Industry Index rises 1.5%, and the Hang Seng Index adds 1%

($1 = 8.0510 patacas)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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