Buy Macau to Play China's Belt-Road Initiative - Macau Gaming and Chinese Outbound Tourism Q1 Review
Outbound Tourism via Air:Outbound tourism grew 6% year-on-year in Q1 2018 vs. 2017, decelerating from 12% in Q4 2017. However, visitations to...
130 Views
BBSP - Equity Asia Weekly Research
THE MAIN IDEA (Relative Value Approach in USD Terms)Long-Term Allocation (Strategic view) Relative Value vs MXAP in USD terms NIKKEI/MXAP:...
205 Views
Macau Gaming Stocks Not Incorporating Cyclicality and Policy Risks; Shares Overvalued
After an average 82% run-up in share price since the fourth quarter of 2016 for the six narrow-moat Macau gaming names we cover, we think the Macau...
98 Views
Macau Update: Strong Mass Visitations During Holiday; VIP Rolling Re-Accelerated Post CNY
Macau gaming benefits from robust Chinese consumer and business sentiment, and wealth accumulation especially among the rich and beyond. Using the...
101 Views
MGM Cotai’s Early Performance Appears Strong; MGM China 4Q Results Beat Our Estimate
Narrow-moat MGM China Holdings Ltd (2282 HK)'s fourth-quarter revenue was 5% higher than our estimate, while adjusted EBITDA beat our estimate by...
119 Views