Hong Kong Stock Market and Gaming Stocks Rally Strongly, Venetian Macau Surges Over 3% Multiple Institutions Release Reports Bullish on Gaming Industry Prospects
August 19 news, the Hong Kong stock market and gaming sector rose sharply, with Venetian Macau surging over 3%, Gold Coast Holdings surging over 4%, and Sands China surging over 3%. Silver Lotus Entertainment and Guangzhou Bohui Holdings surged over 1%.
News reports indicate that several institutions have released reports bullish on the prospects of the gaming industry. Morgan Stanley expects an improvement in operating leverage and competitive landscape, predicting a continued surge in Macau's gaming revenue from 2025 to 2027. Moody's has upgraded its forecast for the Macau gaming industry three times in the past three months.
Individual stocks, Venetian Macau is set to release its financial report on August 20 (tomorrow), with expectations of net revenue reaching HK$7.246 billion and earnings per share of 0.09 HK cents; Gold Coast Holdings plans to hold a board meeting on August 25 to approve its interim results; Guangzhou Bohui Holdings plans to hold a board meeting on August 28 to review its interim results.