Deutsche Bank issues a broad upgrade on the Macau sector due to improving trends.
Analyst Karen Tang thinks Macau revenue will increase 15% in 2017 (VIP +18%, Mass +14%), almost a doubling of her prior forecast.
DB now has Buy ratings on Sands China, Galaxy Entertainment, SJM Holdings, Wynn Macau, MGM China and Melco Crown Entertainment.
Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MG), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (NASDAQ:MPEL).
Previously: Macau expected to post double-digit revenue growth in November (Nov. 30)