vested
SJM HOLDINGS Annual Loss Widens to $4.14B; Adj. EBITDA Loss $1.58B
SJM HOLDINGS (00880.HK) announced annual result ended December 2021.
The total net revenue rose 34.2% year on year to HK$10.076 billion.
The loss widened to HK$4.144 billion from HK$3.025 billion in the corresponding period of the previous year.
LPS was HK72.9 cents.
No final dividend was declared.
Adjusted EBITDA of the Group was negative HK$1.581 billion for the year, as compared with negative HK$2.089 billion for the year of 2020.
Related News: BofAS Trims SJM HOLDINGS (00880.HK) TP to $8.2, Rated Buy
Source: AAStocks Financial News
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SJM Holdings 880 / Stanley Ho
Re: SJM Holdings 880 / Stanley Ho
by winston » Tue Mar 01, 2022 7:55 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: SJM Holdings 880 / Stanley Ho
by winston » Mon May 16, 2022 5:47 pm
vested
UBS: New Gaming Law Revises Requirements on Satellite Casinos, Expected to be Positive on SJM
Recent media reports suggested that the Macau government has proposed a new revision to the gaming law reform, highlighting that satellite casinos will no longer be required to operate in premises owned by gaming concessionaires, reported UBS.
This meant that satellite casinos will be permitted to operate at third-party premises and will not be asked to return the relevant site to the government when they close down the business.
The broker contended that the removal of the previously proposed restriction on operating premises will be beneficial for SJM HOLDINGS (00880.HK), underlining that 14 out of Macau's 18 satellite casinos are under the group and that the revised arrangement will likely reduce the risk of SJM HOLDINGS losing market shares in the satellite casino segment to its competitors.
Source: AAStocks Financial News
UBS: New Gaming Law Revises Requirements on Satellite Casinos, Expected to be Positive on SJM
Recent media reports suggested that the Macau government has proposed a new revision to the gaming law reform, highlighting that satellite casinos will no longer be required to operate in premises owned by gaming concessionaires, reported UBS.
This meant that satellite casinos will be permitted to operate at third-party premises and will not be asked to return the relevant site to the government when they close down the business.
The broker contended that the removal of the previously proposed restriction on operating premises will be beneficial for SJM HOLDINGS (00880.HK), underlining that 14 out of Macau's 18 satellite casinos are under the group and that the revised arrangement will likely reduce the risk of SJM HOLDINGS losing market shares in the satellite casino segment to its competitors.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: SJM Holdings 880 / Stanley Ho
by winston » Fri May 27, 2022 10:34 am
vested
SJM HOLDINGS' SJM Resorts Confident in Completing Re-financing
Grand Lisboa Palace's phase 1 made a debut in late July 2021, with Palazzo Versace Macau being the only hotel building yet to open in the resort, reported Macao Daily News.
Daisy Ho, Chairman of SJM HOLDINGS (00880.HK)'s SJM Resorts, said the timing of Palazzo Versace Macau's opening had yet to be decided, adding the hotel would unfold gradually depending on guest flow.
The company was looking for re-financing from syndicates, being confident in securing funding successfully.
Some investment bank reported the liquidity tightness in SJM Resorts.
Regarding the re-financing procedure, Ho said the outline of syndicated re-financing was basically complete but lacked concrete details.
Related News - CLSA Cuts MO 2022E, 2023E GGR by 11%, 10%, Adjusts TPs on Casinos
Source: AAStocks Financial News
SJM HOLDINGS' SJM Resorts Confident in Completing Re-financing
Grand Lisboa Palace's phase 1 made a debut in late July 2021, with Palazzo Versace Macau being the only hotel building yet to open in the resort, reported Macao Daily News.
Daisy Ho, Chairman of SJM HOLDINGS (00880.HK)'s SJM Resorts, said the timing of Palazzo Versace Macau's opening had yet to be decided, adding the hotel would unfold gradually depending on guest flow.
The company was looking for re-financing from syndicates, being confident in securing funding successfully.
Some investment bank reported the liquidity tightness in SJM Resorts.
Regarding the re-financing procedure, Ho said the outline of syndicated re-financing was basically complete but lacked concrete details.
Related News - CLSA Cuts MO 2022E, 2023E GGR by 11%, 10%, Adjusts TPs on Casinos
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119080
- Joined: Wed May 07, 2008 9:28 am
Re: SJM Holdings 880 / Stanley Ho
by winston » Fri Aug 05, 2022 4:42 am
vested
JM Shr Once Slips 17% to 13-yr Low as Proposed Discounted Rights Issue Disappoints JPM
SJM HOLDINGS (00880.HK)'s shares dived nearly 14% to last post at $2.72, once cratering 17% to a 13-year low $2.6 this morning.
SJM HOLDINGS announced the proposal to issue 1.42-1.457 billion rights shares at $2.08 each (i.e. roughly 33.8% discount to yesterday's closing price) on the basis of one rights share for every four existing shares.
JPMorgan found the discounted rights issue disappointing and predicted notable market response, adding SJM HOLDINGS remained the least favorite name sector-wide.
The casino operator's equity financing was an isolated event, and other Macau casino operators were unlikely to follow suit given ample liquidity, opined the broker.
Source: AAStocks Financial News
JM Shr Once Slips 17% to 13-yr Low as Proposed Discounted Rights Issue Disappoints JPM
SJM HOLDINGS (00880.HK)'s shares dived nearly 14% to last post at $2.72, once cratering 17% to a 13-year low $2.6 this morning.
SJM HOLDINGS announced the proposal to issue 1.42-1.457 billion rights shares at $2.08 each (i.e. roughly 33.8% discount to yesterday's closing price) on the basis of one rights share for every four existing shares.
JPMorgan found the discounted rights issue disappointing and predicted notable market response, adding SJM HOLDINGS remained the least favorite name sector-wide.
The casino operator's equity financing was an isolated event, and other Macau casino operators were unlikely to follow suit given ample liquidity, opined the broker.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119080
- Joined: Wed May 07, 2008 9:28 am
Re: SJM Holdings 880 / Stanley Ho
by winston » Fri Aug 05, 2022 5:00 am
vested
SJM HOLDINGS 1H Adj. EBITDA at Negative $1.176B
2022/08/01
SJM HOLDINGS (00880.HK) announced interim result ended June 2022.
The total group net revenue declined 20.9% year on year to HK$4.129 billion.
The loss widened to HK$2.757 billion from HK$1.466 billion in the corresponding period of the previous year.
LPS was HK48.5 cents. No dividend was declared.
Dividend History
Announce Date Event Particular
2022/02/28 Final No Dividend
2021/08/03 Interim No Dividend
2021/02/23 Final No Dividend
2020/07/28 Interim No Dividend
The group's adjusted EBITDA was negative HK$1.176 billion, versus negative HK$510 million in the first half of 2021.
Source: AAStocks Financial News
SJM HOLDINGS 1H Adj. EBITDA at Negative $1.176B
2022/08/01
SJM HOLDINGS (00880.HK) announced interim result ended June 2022.
The total group net revenue declined 20.9% year on year to HK$4.129 billion.
The loss widened to HK$2.757 billion from HK$1.466 billion in the corresponding period of the previous year.
LPS was HK48.5 cents. No dividend was declared.
Dividend History
Announce Date Event Particular
2022/02/28 Final No Dividend
2021/08/03 Interim No Dividend
2021/02/23 Final No Dividend
2020/07/28 Interim No Dividend
The group's adjusted EBITDA was negative HK$1.176 billion, versus negative HK$510 million in the first half of 2021.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119080
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Re: SJM Holdings 880 / Stanley Ho
by winston » Wed Nov 15, 2023 9:04 am
not vested
SJM narrows loss to $410m
Macau casino operator SJM Holdings (0880) reported that its net loss fell 78.4 percent year-on-year to HK$410 million for the third quarter ended September, compared to a HK$1.9 billion loss in the same period of last year.
Adjusted earnings before interest, taxation, depreciation and amortization reached HK$566 million, contrasting with a negative figure of HK$968 million the previous year.
The third-quarter net gaming revenue surged by 492.9 percent year-on-year, reaching HK$5.41 billion.
Meanwhile, Macau's real gross domestic product in the first half reached 71.5 percent, with the overall economic output rebounding to 71 percent of pre-pandemic levels in the same period of 2019. During the first eight months, tourist arrivals increased by 3.6 times compared to the same period last year.
Source: The Standard
https://www.thestandard.com.hk/section- ... s-to-$410m
SJM narrows loss to $410m
Macau casino operator SJM Holdings (0880) reported that its net loss fell 78.4 percent year-on-year to HK$410 million for the third quarter ended September, compared to a HK$1.9 billion loss in the same period of last year.
Adjusted earnings before interest, taxation, depreciation and amortization reached HK$566 million, contrasting with a negative figure of HK$968 million the previous year.
The third-quarter net gaming revenue surged by 492.9 percent year-on-year, reaching HK$5.41 billion.
Meanwhile, Macau's real gross domestic product in the first half reached 71.5 percent, with the overall economic output rebounding to 71 percent of pre-pandemic levels in the same period of 2019. During the first eight months, tourist arrivals increased by 3.6 times compared to the same period last year.
Source: The Standard
https://www.thestandard.com.hk/section- ... s-to-$410m
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: SJM Holdings 880 / Stanley Ho
by winston » Thu Nov 16, 2023 3:42 pm
not vested
JPM Decreases TP of SJM HOLDINGS (00880.HK) to $3; Slower than Expected Start for Grand Lisboa Palace
SJM HOLDINGS (00880.HK) is broadly in line with expectations for its 3Q results, according to a report from JPMorgan.
The broker decreased its EBITDA forecast for 2023-2025 by about 3% to reflect a slower-than-expected start to the integrated resort in the Grand Lisboa Palace project in Macau, which will take up an increasing share in 2024 and 2025.
JPM cut its target price for SJM from $3.3 to $3, and maintained its Neutral rating on the company in view of its relative preference for the gaming sector.
Source: AAstocks.com
http://www.aastocks.com/en/stocks/analy ... stock-news
JPM Decreases TP of SJM HOLDINGS (00880.HK) to $3; Slower than Expected Start for Grand Lisboa Palace
SJM HOLDINGS (00880.HK) is broadly in line with expectations for its 3Q results, according to a report from JPMorgan.
The broker decreased its EBITDA forecast for 2023-2025 by about 3% to reflect a slower-than-expected start to the integrated resort in the Grand Lisboa Palace project in Macau, which will take up an increasing share in 2024 and 2025.
JPM cut its target price for SJM from $3.3 to $3, and maintained its Neutral rating on the company in view of its relative preference for the gaming sector.
Source: AAstocks.com
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: SJM Holdings 880 / Stanley Ho
by winston » Thu Nov 16, 2023 3:48 pm
HSBC Global Research Drops TP of SJM HOLDINGS (00880.HK) to $2.8, Rates Hold
2023/11/15
SJM HOLDINGS (00880.HK) achieved weaker-than-expected results for the last quarter, according to a report from HSBC Global Research.
The recovery of existing properties continues to surprise, but Grand Lisboa Palace fell short of broker expectations even as its losses continued to narrow.
While Grand Lisboa Palace's EBITDA turned positive in October, the broker said it will take time to expand its marketing team, build up its customer base, improve access between Grand Lisboa Palace and the rest of the Cotai Strip, and bolster its non-gaming products and pipeline amid tougher competition.
As a result, while HSBC continued to expect Grand Lisboa Palace's property EBITDA to break even in 4Q23, the broker has cut SJM's overall group EBITDA forecast for 2023-25 by between 2% and 3% due to the downward revision of its forecast for Grand Lisboa Palace.
The target price has been lowered from $3 to $2.8, with its Hold rating maintained.
According to the report, the expansion of SJM's business in Lisboa will remain key to SJM's valuation reappraisal.
The broker said SJM expected Grand Lisboa Palace to reach its long-term target of 5-6% market share by 2025 or 2026.
Management believed that all planned short- and long-term adjustments and upgrades will have been completed by then.
Related News: CICC Cuts SJM HOLDINGS (00880.HK) TP to $3.1; Grand Lisboa Palace EBITDA Breakeven Slower than Expected
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
2023/11/15
SJM HOLDINGS (00880.HK) achieved weaker-than-expected results for the last quarter, according to a report from HSBC Global Research.
The recovery of existing properties continues to surprise, but Grand Lisboa Palace fell short of broker expectations even as its losses continued to narrow.
While Grand Lisboa Palace's EBITDA turned positive in October, the broker said it will take time to expand its marketing team, build up its customer base, improve access between Grand Lisboa Palace and the rest of the Cotai Strip, and bolster its non-gaming products and pipeline amid tougher competition.
As a result, while HSBC continued to expect Grand Lisboa Palace's property EBITDA to break even in 4Q23, the broker has cut SJM's overall group EBITDA forecast for 2023-25 by between 2% and 3% due to the downward revision of its forecast for Grand Lisboa Palace.
The target price has been lowered from $3 to $2.8, with its Hold rating maintained.
According to the report, the expansion of SJM's business in Lisboa will remain key to SJM's valuation reappraisal.
The broker said SJM expected Grand Lisboa Palace to reach its long-term target of 5-6% market share by 2025 or 2026.
Management believed that all planned short- and long-term adjustments and upgrades will have been completed by then.
Related News: CICC Cuts SJM HOLDINGS (00880.HK) TP to $3.1; Grand Lisboa Palace EBITDA Breakeven Slower than Expected
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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