Macau gaming stocks to lag, despite positive news flow, Credit Suisse says

Macau’s gaming stocks are likely to continue to lag Hong Kong’s Hang Seng index, with the stock prices seeming to have become immune to positive news flow, Credit Suisse analysts Kenny Lau and Isis Wong wrote in a note. 

However, the firm said it doesn’t expect a major correction in stock prices as market sentiment is not “overheated.” Credit Suisse favours Melco Crown because of its exposure to the premium mass market.