Lawrence Ho of Melco Resorts: Why You Might Want to Be Partners with Him Now

Melco International Development: Liquidity Vs. Rising Debt

Studio City (MSC US) IPO: How the Chips Stack Up

Studio City (新濠影汇) IPO: Attractive Valuation with Options for Long-Term Upside (Part 2)

Studio City (新濠影汇) IPO: A Melco Spin-Off Turning Profitable

Asia Long-Short PM/Analyst

Curtis Lehnert

Event-Driven

Melco International Development / Event-Driven

Visitors to Macao will notice the gaudy designs of new properties like Studio City and the City of Dreams owned by Melco. Few will know that the Melco of today traces its roots back almost 100 years when it was named The Macau Electric Lighting Company. Melco was listed in Hong Kong in 1927 when it was still managing the electricity supply service for the island of Macau, which it had done since 1906. After the CEM was established in 1972 to supply power in Macau, Melco changed its name to Melco International Development Limited and became a subsidiary of Stanley Ho's real estate holding company, <a href="https://www.smartkarma.com/entities/5838" target="_blank" data-smartkarma-citation="entities:5838:1">Shun Tak Holdings (242 HK)</a>. With the burden of supplying electricity off its shoulders, the company did what any logical Hong Kong firm would do when its business disappears, it bought real estate.
To this day, <a href="https://www.smartkarma.com/entities/809" target="_blank" data-smartkarma-citation="entities:809:1">Melco International Development (200 HK)</a> still maintains ownership of one of these classic Hong Kong destinations which I will take a closer look at in my note. In the rest of this insight I will:
<ul>
<li>finish the historical overview of Melco</li>
<li>present my trade idea and rationale</li>
<li>give a detailed overview of the business units of Melco International</li>
<li>recap ALL of my stub trades on Smartkarma and the performance of each </li>
</ul>

Visitors to Macao will notice the gaudy designs of new properties like Studio City and the City of Dreams owned by Melco. Few will know that the Melco of today traces its roots back almost 100 years when it was named The Macau Electric Lighting Company. Melco was listed in Hong Kong in 1927 when it was still managing the electricity supply service for the island of Macau, which it had done since 1906. After the CEM was established in 1972 to supply power in Macau, Melco changed its name to Melco International Development Limited and became a subsidiary of Stanley Ho's real estate holding company, Shun Tak Holdings (242 HK). With the burden of supplying electricity off its shoulders, the company did what any logical Hong Kong firm would do when its business disappears, it bought real estate.
To this day, Melco International Development (200 HK) still maintains ownership of one of these classic Hong Kong destinations which I will take a closer look at in my note. In the rest of this insight I will:

finish the historical overview of Melco
present my trade idea and rationale
give a detailed overview of the business units of Melco International
recap ALL of my stub trades on Smartkarma and the performance of each 


TRADE IDEA - Melco (200 HK) Stub: Lose a Little Sleep in Macau