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<Research>CLSA: MO Nov GGR Beats; Dec GGR Forecasted to Grow 15% YoY
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Macau's November GGR beat expectations again, rising 14.4% YoY to MOP21.1 billion, 3-4% higher than CLSA's forecast and market consensus, implying an average daily GGR of MOP784 million during 24-30 November, following the conclusion of the 2025 National Games on 21 November, CLSA said. CLSA believed that the strong finish signals a robust start for Macau's December GGR. The broker projected December GGR to grow 15% YoY to MOP20.9 billion. Significant upside risk abounds due to approx. two-week traffic control in Macau last year. Its top picks are GALAXY ENT (00027.HK) and MGM CHINA (02282.HK). AAStocks Financial News Website: www.aastocks.com |
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