Credit Suisse reported that the Macau gaming stocks correction is overdone and so far the hotel booking of rooms in the Golden Week has been satisfying.
Macau also reported that its visitorship rose 7.6% on 1 October 2015 compared to a year ago.
Credit Suisse top pick is Sands China.
Many of the Macau casino stocks have inf act fallen almost 70% from their record highs. This could be an opportune time to invest in some bigger names like Sands China, Wynn Macau and Galaxy.
Nevertheless, for some lower risk exposure, Nagacorp is another good alternative as their dividend yield is high. Its 2015 dividend payout is HK$0.3704 and this represents a 7.5% yield based on its current price of HK$4.92.
Moreover, its VIP gaming has gained vs the the fall in Macau casinos.
My disclosure: I own shares of Nagacorp.
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