Macau 05 (Jan 17 - May 21)

Macau 05 (Jan 17 - May 21)

Postby winston » Mon Jan 02, 2017 6:29 am

Macau world’s second densest ATM hotspot

IMF report shows gaming hub topped only by South Korea for number of ‘holes in the wall’ per head, as access to cash also widens in poor countries

Source: SCMP

http://www.scmp.com/news/hong-kong/econ ... tm-hotspot
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Tue Jan 03, 2017 7:28 am

Macau gaming revenues up

Casino revenues in Macau increased in December, extending the industry's recovery to a fifth month, as the gambling hub's efforts to reinvent itself drew more tourists from beyond China.

Gross gaming revenue rose 8 percent
from a year earlier to 19.8 billion patacas (HK$19.2 billion), according to data from Macau's Gaming Inspection and Coordination Bureau, following a 14.4 percent hike in November.

For the full year, casino revenue fell 3.3 percent to 223.2 billion patacas, easing from the 34.3 percent drop in 2015.

Analysts surveyed by Bloomberg expect a 7 percent rise in gambling revenue in 2017, in a recovery led by the mass market.

Macau had snapped a two-year economic contraction in the third quarter, with GDP growing 4 percent.

Source: BLOOMBERG
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Tue Jan 03, 2017 7:44 am

Signs are good for a strong 2017 Macau winning streak

Gaming experts suggest the tide has turned and this year could show 10pc gross gaming revenue growth, the enclave’s first in four years

Analysts say the strengthening monetary regulations could deal a blow to the enclave’s US$30 billion gambling industry, which is seven times the size of Las Vegas and has started to see some encouraging green shoots of recovery after two years of tumbling revenues.


Source: SCMP

http://www.scmp.com/business/companies/ ... ing-streak
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Tue Jan 03, 2017 1:13 pm

<Research Report>Deutsche: Macau Casinos Dec GGR Slightly Misses Estimates; Upbeat on MGM China for Industry Interim Results

Deutsche Bank said in its report that Macau's gross gaming revenue in December 2016 was MOP19.8 billion, up 8% from a year ago and 260 bps lower than the original forecast of the research house.

The research house said the casinos set to announce quarterly results and believed MGM CHINA (02282.HK) remains as the industry's best theme stock.

Source: AAStocks Financial News
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Tue Jan 03, 2017 1:14 pm

<Research Report>C Suisse: Macau Dec GGR Slightly Below Estimates; Overall Growth Ongoing

Credit Suisse, in its report, said that Macau's gross gaming revenue (GGR) amounted to MOP19.8 billion in December 2016, representing a yearly rise of 8%.

The figure was slightly below the estimates of rising 10% and consensus of increasing 9%.

However, the gaming revenue was still the second highest in the year of 2016, despite being an eased growth as compared with that of 14% rise in November 2016. The overall uptrend is ongoing.

The research house said that Macau gaming stocks will see catalysts in the near term, including 4Q16 results announcement and seasonally strong Chinese New Year holiday.

It is recommended to accumulate Macau gaming stocks at a low level, with orders of preference being GALAXY ENT (00027.HK), MPEL, MGM CHINA (02282.HK) and SANDS CHINA LTD (01928.HK).

Source: AAStocks Financial News
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Fri Jan 06, 2017 3:13 pm

Macau Police Detects Premises Rigging Mainland Card Swipe Machines for 1st Time

Macao Daily reported that Macau Judiciary Police force and Monetary Authority of Macao detected premises engaging in illegal UnionPay card swipe machine modification for the first time.

The police suspected some card swipe machines were doctored in order to suit the network in Macau, so the machines can circumvent the regular payment process, causing huge transaction fees losses to UnionPay.

8 shops were found to be involved, with 10 mainland UnionPay card swipe machine cards and HK$7.5 million cash.

Source: AAStocks Financial News
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Fri Jan 06, 2017 3:52 pm

<Research Report>Deutsche: Macau Police Raids Shops for UnionPay Card Machines Modification; Expects Little Impact on Casinos

Deutsche Bank, in its report, said on 5 January (yesterday), Macau police raided 8 shops engaging in illegal UnionPay card swipe machine modification.

It is suspected some card swipe machines were doctored in order to suit the network in Macau, so the machines can bypass the regular payment process, causing huge transaction fees losses to UnionPay.

The broker believed the impact on Macau's GGR is very little, as gamblers can easily get cash from over 100 jewellery shops in a normal way.

The market still worried that tighter capital flight control in China will affect Macau casino stocks.

After a 10% pullback in December, Macau casino stocks now trade at 13x 2017 consensus EV/EBITDA, slightly over historical average (12x).

Source: AAStocks Financial News
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Mon Jan 09, 2017 11:38 am

<Research Report>BofAML Latest Ratings & TPs on Macau Gaming Stocks (Table)

Bank of America Merrill Lynch, in its report, listed the latest ratings and target prices of Macau gaming stocks:

Stock/Rating/Target Price (HK$)
GALAXY ENT (00027.HK)/Buy/37.80>44.9
SANDS CHINA LTD (01928.HK)/Buy/42.10>44.9
WYNN MACAU (01128.HK)/Buy/15.2?>16.8
MGM CHINA (02282.HK)/Buy/17.0?>17.5
Melco Crown Entertainment (MPEL.US)/Neutral?>Buy/US$19.5?>US$22.3
SJM HOLDINGS (00880.HK)/Buy?>Neutral/6.7

Source: AAStocks Financial News
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Mon Jan 09, 2017 1:05 pm

<Research Report>BofAML Predicts Macau 2017 GGR Up 8%; Keeps Positive View on Industry

Bank of America Merrill Lynch, in its report, said that last year was a turnaround for the Macau gaming industry and Macau gaming stocks saw a cumulative growth of 29%.

The research house remains positive for the industry's performance in 2017 and believes that there will be significant improvement in fundamentals this year.

Demand and supply become more favorable since only one major casino will be opened this year.

The research house expects 2017 GGR to rise 8% with 12% and 3% increase in mass and VIP respectively. EBITDA is anticipated to increase 5% despite 3% decline in GGR in 2016.

The broker lifted the target price of GALAXY ENT (00027.HK) from $37.8 to $44.9 and the rating was maintained at Buy.

The target prices of SANDS CHINA LTD (01928.HK), WYNN MACAU (01128.HK) and MGM CHINA (02282.HK) were revised up from $42.1/ $15.2/ $17 to $44.9/ $16.8/ $17.5, all of which were maintained at Buy.

Source: AAStocks Financial News
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Re: Macau 04 (Nov 15 - Dec 16)

Postby winston » Mon Jan 09, 2017 3:17 pm

<Research Report>CICC's Latest Rating & TPs for Casinos (Table)

CICC, in its report, updated the latest investment ratings and target prices for Macau gaming stocks:

Stock/ Investment Rating/ Target Price (HK$)
GALAXY ENT (00027.HK) /Buy /38.5
MGM CHINA (02282.HK)/Buy /18.1
WYNN MACAU (01128.HK)/Sell /10.4
SJM HOLDINGS (00880.HK)/Sell /5
SANDS CHINA LTD (01928.HK) /Hold /32.5

Source: AAStocks Financial News
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