HK Stock Market Move | Gaming stocks continue to decline, Macau gambling revenue during the Spring Festival holiday falls short of expectations, JP Morgan slightly lowers February gambling revenue forecast.

The gambling stocks continue to decline. As of the time of writing, MELCO INT'L DEV (00200) fell by 4.35% to 4.4 Hong Kong dollars; GALAXY ENT (00027) fell by 4.02% to 41.54 Hong Kong dollars; SANDS CHINA (01928) fell by 2.23% to 17.52 Hong Kong dollars; WYNN MACAU (01128) fell by 1.37% to 5.76 Hong Kong dollars. In terms of news, the latest report from UBS shows that during the Spring Festival holiday, the daily gambling revenue in Macau was about 786 million Macau dollars, lower than the market's forecast of about 9 to 9.5 billion Macau dollars per day. Although the initial demand was weak, the turnover increased in the last three days, reaching 12 to 13 billion Macau dollars per day, an annual increase of about 10% to 15%, making the average daily gambling revenue this month about 650 million Macau dollars, but still down about 8% annually and about 11% monthly. JP Morgan stated that due to the mixed performance of the Lunar New Year, they have adjusted their February total gambling revenue forecast to be flat to an increase of 2% year-on-year (previously forecasted an increase of 2% to 5%). Excluding seasonal and calendar factors, they expect the total gambling revenue in the first two months of 2026 to increase by 12% to 13% (previously forecasted an increase of 13% to 14%), which is consistent with the bank's and the market's industry forecasts.