TWA #28/2026: Mixed 2Q26 Expectations

研报英文原文证据摘录

TWA #28/2026: Mixed 2Q26 Expectations

Idea

July 10, 2026 09:37 PM GMT

Morgan Stanley Asia Limited+MGaming, Lodging and Real Estate | Asia Pacific Praveen K Choudhary

Equity Analyst

TWA #28/2026: Mixed 2Q26 Praveen.Choudhary@morganstanley.comDan Chee +852 2848-5068

Dan.Chee@morganstanley.com +852 2239-1227

Expectations Morgan Stanley India Company Private Limited+

Monica Dasoju

India property stocks are making a strong comeback. Luxury Equity Analyst

Monica.Sharma@morganstanley.com +91 22 6118-1154

residential sales in HK continued momentum in 1H26 despite

Morgan Stanley Asia Limited+

cross-border restrictions. China set a prudent five-year plan for Anson Lee, CFA

travel amidst weaker RevPAR outlook. Negative revision persists Research Associate

Anson.Lee@morganstanley.com +852 2239-7435

for Macau.

Why read this note? We highlight key investor debates and we answer these

relevant questions:

Hong Kong Property

Question: Residential – What did we learn from strong June luxury sales in HK Hong Kong/China Multi-Industry

Asia Pacific

despite cross-border regulation concerns? Industry View In-Line

Hong Kong/Macau Gaming

Asia Gaming Asia Pacific

Question: Are weak 2Q EBITDA expectations vs. consensus in the price or do we Industry View In-Line

ASEAN Gaming

expect further negative revisions? Asia Pacific

Industry View Cautious

India Property Hong Kong Property

Question: What are India Developers' presale expectations for F1Q27 and what do Asia Pacific

Industry View Attractive

they say about sales momentum?

Hong Kong/China Leisure & Lodging

Question: Phoenix' F1Q27 consumption rose by 32%, but does that justify the rich Industry View Attractive

valuation? India Property

Question: Propequity May'26 – What have we learned about the cycle from F2M27 Industry View Attractive