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ISSUE 118 - Feb 2014
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Growth above 10 percent
Growth from 0 to 10 percent

Morgan Stanley likes casino stocks in medium term

Posted: 10/29/2013 12:06:17 PM
Rating:     0% ( votes)

Morgan Stanley says Macau casino stocks will continue to provide good returns to investors – at least in the medium term.

The investment bank says in a note to investors that consensus casino revenue forecasts for next year are not very high.

It suggests that casino stocks should see forward earnings before interest, tax, depreciation and amortisation of 16 times price.

But there is increasing uncertainty for casino stocks in the longer term. It says the lack of new casinos in the next two years, the limit on live gaming tables, uncertainty about the renewal of the licences of the six casino operators and the shift to mass-market gaming may affect earnings.

Other Macau Latest News

SunCity admits casino slump curbing its business

Executive says the junket operator needs a different, more careful approach

Holiday sales of luxuries drop 20-30 pct, TDM says

One retailing industry chief tells radio be blames crackdown on corruption

January imports drop 1.2 pct to MOP8.53 bln

Govt statisticians blame mainly a contraction of imports of consumer goods

Few people fear an economic slump, survey finds

Association of Macao New Vision says housing and buses are main concerns

Last day for trading Melco Crown in HK is June 29

After that, NASDAQ will be the only place to trade casino operator’s shares

Homes in Hengqin developments illegally pre-sold

Official says two developers are offenders, but fails to say which ones

Retail sales value grows only marginally in 2014

Newspaper says anti-graft drive, protests deterred shoppers from mainland

Govt secretary denies cap set on mainland tourists

Alexis Tam says any measures against overcrowding will be applied gradually

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