According to a Deutsche Bank’s report
Good moment to buy Macau gaming stocks
(Macau).- Deutsche Bank analysts Carlo Santarelli and Kelly Knybel say this is a good moment to buy into Macau-related gaming stocks. The analysts say that despite strong market growth, the Macau operators had a rocky third quarter in 2011.
2011-10-14
Reading time 24 seg
(Macau).- Deutsche Bank analysts Carlo Santarelli and Kelly Knybel say this is a good moment to buy into Macau-related gaming stocks. The analysts say that despite strong market growth, the Macau operators had a rocky third quarter in 2011.
“We are reaffirming our Buy ratings on all three, Las Vegas Sands, Wynn Resorts, and MGM Resorts International at this time as we believe the recent macro-related sell-off has created favourable entry points into reduced expectations,” they wrote in an investors note.
The analysts say that despite strong market growth, the Macau operators had a rocky third quarter in 2011 with meaningful share price declines.
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