Changes in Hong Kong stocks | Gaming stocks continued to rise, Macau's gaming revenue increased by about 20% month-on-month in October, Lyon maintained Galaxy Entertainment (00027) as the first choice for the sector

The Zhitong Finance App learned that gaming stocks continued to rise. As of press release, Galaxy Entertainment (00027) rose 4.39% to HK$34.72; Sands China (01928) rose 2.91% to HK$11.33; MGM China (02282) rose 2.79% to HK$9.955; and Wynn Macau (01128) rose 2.16% to HK$4.73.

According to the news, the latest figures from the Macau Gaming Inspection and Coordination Bureau show that gross gaming revenue in October was MOP 21.68 billion, up about 20% from the previous month, but still fell by about 10% from the previous year. Macau's total gaming revenue from January to October was MOP 208.796 billion, up 1.6% from the same period last year.

Citigroup indicated that Macau's October gaming revenue was roughly in line with the bank's estimate of MOP 21.5 billion and the market's estimate of MOP 21.7 billion. Lyon said that the current price in the Macau gaming sector is equivalent to about 8.2 times the EV/EBITDA forecast in 2027, and maintaining Galaxy Entertainment is the first choice.