Goldman Sachs: Macau gambling revenue in June meets expectations, maintains "buy" rating on Galaxy Entertainment (00027.HK), MGM China (02282.HK), and Sands China (01928.HK)

According to the Wisdom Financial APP, Goldman Sachs has released a research report stating that Macau's gambling revenue in June decreased by 12% year-on-year to 18.5 billion Macau dollars, reaching 78% of the pre-epidemic level in 2019, which is in line with the lower market expectations. The bank maintains a "buy" rating on several Macau gambling stocks, including Galaxy Entertainment (00027), MGM China (02282), and Sands China (01928), with target prices of 53.2 Hong Kong dollars, 19.5 Hong Kong dollars, and 23.2 Hong Kong dollars respectively.