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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

Lisbon flights a good proposition, academics say

Study finds growing demand for air services between China and Portugal

Banks rake in more deposits in year to May

Bank loans as a proportion of their deposits grow to 86.6 pct at month-end

Milan Station expecting smaller H1 loss in 2015

Retailer predicts results will show benefit of importing handbags direct

Govt lets airlines put on more flights over summer

Air Macau and Tigerair Taiwan add 127 return flights to their schedules
Headlines

Govt aiming to change budget law by 2017

Amendments would let lawmakers scrutinise capital spending more closely

Smoking ban cuts bank’s casino revenue forecast

Takings to drop US$3.4 bln if smoking banned in casinos, Deutsche Bank says

Gambling junket operators play the job loss card

Say smoking ban threatens the livelihoods of 3,000-5,000 of their employees

Drops in shop and factory prices forecast for H2

But estate agent sees more interest in opening shops in residential areas

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1. Gambling junket operators play the job loss card
2. Proportion of hotel bookings for junkets shrivels
3. Galaxy Entertainment boss questions smoking ban
4. Venetian Macao rips up sporting event contract
5. EIU raises 2015 GDP shrinkage forecast to 24 pct
 
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