Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down8.730 -0.130 (-1.467%)
Research Report

09/10/2020 14:41

{I-bank focus}Macau's Golden week GGR in line - UBS

[ET Net News Agency, 9 October 2020] UBS Global Research cited its channel checks
indicating that GGR during the first seven days of October was around MOP2bn, or ADR of
MOP290m/day, down 75% YoY.
The research house said GGR recovery appears to be faster than visitor recovery, with
the total number of visitors for the first seven days of Golden Week at 139k (19.9k/day),
a decline of 86% YoY.
Despite the resumption of IVS (Individual Visit Scheme) nationally on 23 September, most
non-Guangdong visitors wouldn't have visited Macau during Golden Week due to lead times
for visas. UBS expects non-Guangdong visitors to return from mid-October, as visa
application processing resumes after Golden Week.
The research house expects the current status quo in terms of border policies could last
for 1-2 months, before the authorities would consider further opening up, depending on the
COVID situation.
UBS is currently neutral on the Macau gaming sector, with top picks being Sands China
(01928) and MLCO. (KL)

Remark: Real time quote last updated: 21/01/2021 12:05
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.