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Morgan Stanley says too early to dip into Macau stocks despite cheap valuations
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Morgan Stanley says too early to dip into Macau stocks despite cheap valuations
With 2Q26 earnings season just around the corner, investment bank Morgan Stanley says it is still too early to dip into Macau gaming stocks – even if valuation looks cheap. In a weekend note, analysts Praveen Choudhary and Stephen Grambling warned that the recent slowdown in GGR growth and negative operating leverage means that estimate revisions remain negative, with industry observers continuing to cut forecasts. This, they added, is likely to…
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