Asia Market News and Trading Resource
May 16, 2013 1 Comment
Tencent brought the goods last night with Q1 earnings, HSBC axing more bankers, Cathay traffic figures continue downward, and Timmy Tong might have some more mates in his jail cell. Here’s what you need to know before the open.
May 16, 2013 Leave a comment
Two senior executives of SJM Holdings Ltd. (880), Asia’s biggest casino company by revenue, are seeking to raise as much as HK$440 million ($57 million) in a share sale after the stock surged to a record.
May 15, 2013 Leave a comment
In a filing to the Hong Kong Bourse, SJM said the Land Concession Contract permits the Company to develop a complex comprising, a five-star hotel with Gaming areas, and Allows it to Operate and manage Gaming Operations at the Cotai Project.
March 7, 2013 1 Comment
Daily gross gaming revenue run rate MOP967m, total for Feb of MOP27.1bn +12% YoY
VIP revenue up 6% YoY
Sands China leader in mass market with 29.8% market share
Source: Broker
March 5, 2013 Leave a comment
1. HSBC feels the pain in London trading for missed earnings, down 2.5%
2. Gulliver pockets GBP1.9bn on HSBC not so impressive results
3. Evergrande Jan & Feb 2013 sales STRONG up 170%
4. THE FADE… Macau casino revenue to grow sub 15% says SJM
5. THE WINNING FORMULA… Mainlanders + Luxury HK Shoping = Retail Sales Strong
6. Ooos I Did It Again… COSCO to return to profit in 2013 after 2 years of losses says president
7. BBMG profits down 26%, in line with expectations
February 28, 2013 Leave a comment
1. PCCW results very average… Profit up 3%
2. Much like Sino Land, TST Properties’ results… STELLAR
3. Sino Hotels results point to buyant HK tourism…. Profit up 5.1%
4. KABLAM!… Goldwind results fall flat… EPS down 75%
5. Guess it’s hard to sell cars on the mainland… BYD profit down 94%
6. But it ain’t hard profit to off mainland gamblers… SJM profits up 27%
7. Glencore extends its reach to iron ore… Acquires Ferrous
8. OMG Victoria Secret in Hong Kong!!!
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