Credit Suisse said in its latest research report that as the revenue from Macau gaming sector remained weaker than expected and outlook still existed uncertainties, it lowered the 2014/15 revenue forecast from 5%/11% to 1%/8%, and cut the sector's target prices by 10-25%.
The research house believed SJM HOLDINGS (00880.HK) +0.040 (+0.242%) Short selling $10.76M; Ratio 4.756% (reiterated Neutral), GALAXY ENT (00027.HK) +0.550 (+1.116%) Short selling $92.81M; Ratio 8.866% and WYNN MACAU (01128.HK) +0.650 (+2.675%) Short selling $33.69M; Ratio 10.685% (both downgraded to Neutral) are likely to underperform peers. It suggested adding MGM CHINA (02282.HK) +0.150 (+0.682%) Short selling $8.48M; Ratio 3.064% and SANDS CHINA LTD (01928.HK) +0.600 (+1.412%) Short selling $41.45M; Ratio 2.622% after the share price correction.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2014-09-18 16:25.)
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