Analysts are leaning bullish on the outlook for Macau gaming operators following the trade thaw between Presidents Trump and Xi.

“The temporary truce between Presidents Trump and Xi also provides a near-term catalyst, while ‘the slope of economic deceleration in both China and the U.S. is likely to determine the intermediate-term trend in these stocks,’” Bloomberg reports, citing Nomura Instinet analyst Harry Curtis.

Analysts expect Macau’s fourth-quarter revenue to rise 5% to 7%.

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