Aug 29, 2015,
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ISSUE 118 - Feb 2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 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

Air Macau to reduce fuel surcharge on September 1

To cut surcharge per flight sector to US$28 for each ticket from US$30

Mainland upheavals short-term worries, banker says

BNU CEO expresses confidence about economic future of mainland and Macau

Polytec Asset H1 net profit rises to HK$41.2 mln

Property developer’s revenue doubles, largely because of rents in Macau

Galaxy Entertainment gives phone scam warning

Beware callers purporting to be marketing hotel rooms, casino operator says
Headlines

Current account surplus MOP169.5 bln in 2014

Surplus slightly smaller than in 2013, but services trade surplus grows

July visitors decrease 3.8 pct to 2.65 mln

Fewer mainlanders and Koreans visit, but more tourists come from HK, Taiwan

Consumer price inflation slows to 4.76 pct in July

Landlords charge more for shelter and restaurateurs charge more for meals

Govt aid to the poor inconsistent, auditors say

Commission of Audit says MOP309.7 mln may have been distributed unfairly

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