BUZZ-Galaxy leads slide in Macau gaming stocks after weak Jan revenue

Reuters
03 Feb
BUZZ-Galaxy leads slide in Macau gaming stocks after weak Jan revenue

** Galaxy Entertainment 0027.HK leads slide in Hong Kong-listed Macau gaming shares, with the stock falling as much as 6.8% to HK$31, set for its biggest one-day drop since Oct. 7

** Stock on track to snap three straight sessions of gain; second-biggest loser in both Hang Seng Index .HSI and Hang Seng Commerce & Industry Index .HSNC, which slips 0.7% and 0.5% respectively

** Macau posted a 5.6% Y/Y drop in January gambling revenue at 18.3 bln patacas ($2.28 bln)

** Shares of Sands China 1928.HK drop 6.1%, Melco 0200.HK fall 4.6%, Wynn Macau 1128.HK decline 4.1%

** MGM China 2282.HK eases 3.5% and SJM 0880.HK slips 2.9%

** Hang Seng Composite Index .HSCI is down 0.6%

($1 = 8.0260 patacas)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10