MOP 6.00 Publisher: Paulo A. Azevedo Number 509 Wednesday April 2, 2014 Year II
OCBC expands empire Macau Monetary Authority is in the final stages of analyzing the biggest bank takeover of the year. Overseas Chinese Banking Corp will acquire Wing Hang Bank and Macau’s 13 branches of Banco Weng Hang for a massive HK$38.4 billion. AMCM will deliver a decision in the next few months but in principle the regulator should agree Page
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Pass for now Macau Pass new model for its planned mobile payment method is delayed. The SIM card payment format is now targeting a mid-year roll-out
Just kill that Dome elephant, legislator insists Page 2
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Macau investments in mainland slowed in February
Strapped for cash Retailer of second-hand handbags Milan Station Holdings made a net loss of HK$35.8 million last year. Hong Kong and mainland results delivered less than expected. Macau, however, helped diminish losses
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Utilities on a roll Monopoly suppliers of water and electricity had a good year in 2013. Profits for Macao Water jumped 8.4 percent, while CEM grew 6 percent. The latter imported more electricity from the mainland and saw growth slow
HSI - Movers April 1
All bets on
Name
March represented the third best result in gambling revenues. A growth of 13.1 percent and nearly 35 billion patacas. SJM regained its leadership market share, while Sands China Ltd and Galaxy Entertainment skyrocketed in the stock market.
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STDM shareholder eyes on Australia
%Day
Sands China Ltd
9.58
Galaxy Entertainm
7.93
Wharf Holdings Ltd
4.54
Tencent Holdings
4.45
Lenovo Group Ltd
3.15
China Life Insurance
-0.23
Sino Land Co Ltd
-0.35
China Construction
-0.37
Belle International
-0.39
China Merchants Ho
-3.94
Source: Bloomberg
I SSN 2226-8294
Businessmen Cheng Yu-tung is in the race to open a casino on the Barrier Reef, Australia. Owner of the world’s biggest chain of jewellers, Chow Tai Fook and a 10 percent shareholder of STDM SA, parent company of SJM, is betting against other casino heavyweights like James Packer and Echo Entertainment Group. Page 16
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