Goldman Sachs bullish on betting stocks to raise its target price to 5.8 yuan

Goldman Sachs published the Securities Research report, noting that with the improvement of the mainland's macroeconomic outlook and credit growth, the Macao gambling industry has shown signs of stabilization, so it has turned positive to the local gambling industry, from the original forecast that the gambling revenue will fall by 17% this year to 5%, and the next 9%, the bank will also Shun Tak (00242) and Macao betting (　　00880 to join the Asia-Pacific buying list, the former target price of 80.1% to 5.8 yuan, the latter target price of 3.6 yuan. Goldman Sachs believes that apart from gambling, the property market in Macau will also benefit from a macroeconomic upturn, but the price increases have not been as significant as the 04-07-year period.　　The bank believes that the Shun Tak will be the biggest beneficiary of the recovery in Macao, and as the market looks forward to a steady rise in the price of property, Shun Tak can look at the high line, so that its rating from the original neutral level to buy. Goldman Sachs also bullish on SJM, that the market underestimated its franchise value, based on the company has suspended the Lisboa hotel and other projects, its hands of the 5.8 billion yuan cash order to carry out mergers and acquisitions of financial flexibility.