Star Entertainment (SGR AU): A$800m Highly Dilutive Raise to Fix the Balance Sheet
Adjusting for the raise, Star trades at a discount to peers. While the shares will be under short-term pressure due to the raise, there is long...
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Star Entertainment (SGR AU): Entertaining Known Unknowns
Our leverage scenarios suggest an equity raise of A$250-500 million is required. Despite the share price fall, we would steer clear until the...
287 Views
Hong Kong Connect Flows (Feb 3rd): Meituan, Sensetime, Tencent, CCB, HKEx
We analyzed southbound Hong Kong connect flows in the past week and highlight flows for Meituan, Sensetime, Tencent, China Construction Bank, Hong...
295 Views
Melco Trading "Cheap" As Macau Opens Up
Melco's NAV discount is back out to 36%. The simple ratio - Melco/MCLO - is around the lowest level since Melco began consolidating MCLO in early...
1.1k Views
MGM China - Tear Sheet - Lucror Analytics
We view MGM China as "Medium Risk" on the LARA scale. The company has a good operating track record in the Macau gaming market, supported by two...
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