It’S Time To Buy Shares Of Casino-Operators Macau – Jp Morgan

Home » It’S Time To Buy Shares Of Casino-Operators Macau – Jp Morgan
January 14, 2022
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Macau gross income from slot machines (ggr) this year is likely to reduce. However, representatives of jp morgan in their overview of the coming year on the world’s largest market in the world advise to buy and keep shares of the largest operators.

IT's Time To Buy Shares Of Casino-Operators Macau - JP Morgan

On sunday, january 13, the stock exchange of the investment bank issued a note in which the cyclic slowing in the mainland chinese economy is likely to limit the revenues of macau casino this year. But the broker noted that this was already taken into account by investors in terms of stock prices of local operators.

«Most negative factors are alady taken into account and evaluated», – written analysts of a brokerage company from hong kong d. From. Kim and sean zhuang.

In jp morgan, as in the past forecast, are convinced that the annual ggr in macau will decrease by 1% this year. Also, the brokerage company predicts that income on the vip market will decrease by 6%, and in the mass market – will increase by 3%.

Jp morgan believes that investors in the macao casino shares do not need to sell them. According to experts, the most promising are sands china ltd and wynn macau ltd.

«The tendency of the yield of macau operators was surprisingly stable, despite the very complex macroeconomic background and constantly growing concerns about the recession», – experts celebrate.

Analysts wrote that the shares are still tied to macro-factor and total market volatility, but the improvement of the situation is already noticeable. In their opinion, patient investors are waiting for a worthy remuneration. In particular, according to representatives of the company, wynn macau is very promising in this regard.

Previously, jp morgan analysts expressed the view that the use of cryptocurrency will help overcome any financial crisis.

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