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<Research>CLSA Names GALAXY ENT, SANDS CHINA LTD as 1st Picks; Positive Surprise in MO Gaming Sector Shrinking
Recommend 19 Positive 26 Negative 14 |
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Although Macau's GGR delivered a solid performance in 1Q26, CLSA decided to maintain its growth forecasts of 5% and 4% for FY26-27, respectively, the broker said in its report. In CLSA's estimation, the room for positive surprise from organic growth going forward will be limited because of expectations of a near-term decline in industry profitability. That said, a stronger RMB will continue to provide support. CLSA has downgraded SJM HOLDINGS (00880.HK)'s rating to Underperform and named GALAXY ENT (00027.HK) and SANDS CHINA LTD (01928.HK) as its top picks. Auto-translated by AI AASTOCKS Financial News |
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