Tiger Brokers

BUZZ-SJM leads slide in HK-listed Macau gaming stocks on weak Q3

Reuters
Yesterday
BUZZ-SJM leads slide in HK-listed Macau gaming stocks on weak Q3

** SJM Holdings 0880.HK slips 10.4% to HK$2.67, lowest since July 7

** Stock set for biggest one-day pct decline since August 29; leads slide in HK-listed Macau gaming stocks

** Co's Q3 total net revenue falls 6.2% y/y; net gaming revenue eases 6.5% y/y; net profit drops 91.1% y/y; adjusted EBITDA down 15% y/y

** Rivals MGM China 2282.HK, Sands China 1928.HK, Galaxy Entertainment 0027.HK, Wynn Macau 1128.HK and Melco International 0200.HK lose between 1.7% and 4.7%

** YTD, stock gains 1.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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