SJM Holdings 880 / Stanley Ho

Re: SJM Holdings 880 / Stanley Ho

Postby winston » Tue May 26, 2020 4:36 pm

by behappyalways

The life of Macau’s gambling tycoon Stanley Ho

https://m.youtube.com/watch?v=wCu8tNG32ng
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: SJM Holdings 880 / Stanley Ho

Postby behappyalways » Wed May 27, 2020 4:38 pm

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賭王家產四房16子女怎麼分?二房掌信德新濠 澳娛「三房共治」 - 20200526 - 香港新聞 - 有線新聞 CABLE News
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Re: SJM Holdings 880 / Stanley Ho

Postby behappyalways » Sat May 30, 2020 5:51 pm

Stanley Ho: how the Macau casino tycoon’s love life shaped his success
https://www.scmp.com/week-asia/people/a ... is-success
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Re: SJM Holdings 880 / Stanley Ho

Postby winston » Wed Jun 10, 2020 7:59 am

not vested

SJM turnover only 10pc of last year

by Winnie Lee

Macau casino operator SJM's (0880) chief executive Ambrose So Shu-fai said the company's turnover so far this year is only 10 percent of that recorded in 2019, but forecasts that business would rebound strongly next year.

Speaking at its annual general meeting yesterday, So expects the Hong Kong, Macau and the Greater Bay Area control points to reopen in the next half-year, so revenue can rebound.

The group mentioned that the recovery rate of the casino has reached 50 percent, with cochairman Angela Leong On-kei saying it has recruited new staff for its new casino.

Chairwoman Daisy Ho Chiu-fung said after the meeting that the passing of her father Stanley Ho Hung-sun will not have any impact on SJM. Before the meeting, a minute's silence was held in memory of Stanley Ho.

Ho emphasized there will not be big changes among the new board of directors. In fact, Ho was appointed as a company authorized representative, effective from June 10.

Meanwhile, Ng Chi-sing has ceased functions as SJM's chief operating office and executive director and has been redesignated as a non-executive director and also a consultant.

Bills of Daisy Ho Chiu Fung, Timothy Fok Tsun-ting, Angela Leong On-kei and Ambrose So Shu-fai as executive directors were passed in the AGM, which Ina Chan Un-chan, Stanley Ho's third wife, did not attend.

Meanwhile, security and consulting company Steve Vickers & Associates' forecasts that American gaming operators would be under pressure if Sino-US ties further worsen.

It addressed that the "steep deterioration" in US-China relations, coupled with the impact of the coronavirus outbreak, poses serious threats to foreign firms engaged in the Macau gaming industry.

Source: The Standard

https://www.thestandard.com.hk/section- ... -last-year
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Re: SJM Holdings 880 / Stanley Ho

Postby behappyalways » Fri Jul 10, 2020 4:28 pm

Late casino tycoon Stanley Ho's 16 children to each get S$18,000 per month from family trust fund
https://mothership.sg/2020/07/stanley-h ... rust-fund/
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Re: SJM Holdings 880 / Stanley Ho

Postby behappyalways » Sat Jul 11, 2020 3:58 pm

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Re: SJM Holdings 880 / Stanley Ho

Postby behappyalways » Sat Jul 25, 2020 10:04 am

【外人禁入3小時】賭王何鴻燊靈柩移東華義莊 四房子女護送亡父最後一程|2020-07-17
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Re: SJM Holdings 880 / Stanley Ho

Postby winston » Wed Jul 29, 2020 5:53 am

not vested

SJM skips dividend amid $1.4b loss

Casino and hotel operator SJM (0880) recorded a net loss of HK$1.41 billion during the first half this year with an over 70 percent drop in revenue, as the sector was hard hit by the Covid-19 pandemic.

SJM said that this was in comparison to a net profit of HK$1.68 billion in the same period a year ago, and the company declared no interim dividend.

"First-half results of the group were severely impacted by the Covid-19 outbreak, which led to the closure of Macau casinos for 15 days in February, as well as ongoing restrictions on entry from the mainland, Hong Kong and other locations, curtailment of transportation channels and quarantine requirements," said the company.

Its net gaming revenue fell by 74.4 percent from a year before to HK$4.27 billion.

The loss before interest, taxes, depreciation, and amortization totaled HK$984 million, compared with corresponding earnings of HK$2.08 billion.

The occupancy rate of Hotel Grand Lisboa fell by 75.9 percent from the year-earlier period to 18.9 percent while the average daily room rate increased during the period by 9.5 percent to HK$1,628.

The company also expects the Grand Lisboa Palace to open by the year's end following the completion of construction work in late 2019.

SJM said it maintained a strong financial position with cash, bank balances and pledged bank deposits of HK$7,511 million as of the end of June.

Source: The Standard

https://www.thestandard.com.hk/section- ... $1.4b-loss
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Re: SJM Holdings 880 / Stanley Ho

Postby winston » Wed Jul 29, 2020 11:08 am

SJM Holdings (880 HK)
2Q20: A Local Hero In A Land With No Visitors


SJM’s tier 2 casinos helped propel SJM’s market share to 30% in 2Q20, as the local gamblers patronised slots and grind-mass games.

Unfortunately, management expects no material benefit from the 15 July border relaxations for 3Q20.

Grand Lisboa Palace remains on schedule to open at end-20, but a full ramp-up is shaping up to be an elusive outcome.

Maintain HOLD and target price of HK$7.00. Entry price: HK$6.50.

Source: UOBKH

https://research.uobkayhian.com/content ... 9432fcd8a5
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Re: SJM Holdings 880 / Stanley Ho

Postby behappyalways » Fri Jul 31, 2020 4:21 pm

【賭王何鴻燊全傳】爭奪賭后十年 二房何超瓊力壓四太梁安琪 正式接捧|2020-07-10
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