MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 537 Tuesday May 13, 2014
Milk Powder Gate
Year III
The parallel trade in milk powder products between Macau and mainland China has become more rampant, with 2 million kilos worth 500 million patacas flowing across the border via ‘milk mules’, following Customs restrictions imposed in Hong Kong. Macau Customs and the Health Bureau said that they could offer no solution as it is beyond their remit Page
The art of war
Interview www.macaubusinessdaily.com
Stephen Hammond, UK Transport Minister
Financial experts warn that the PBOC strategy for yuan expansion has lost the battle. Recent mild results foretell clouds ahead.
British give a hand on LRT UK Transport Minister tells Business Daily that British consulting could help lower the cost of maintenance of the light rail system in Macau. Britain has “some real skills” to offer Macau when it comes to assessing and reducing the maintenance costs of rolling stock, he says.
Troubled Bahia
Page 6
Off-plan sales of small studio flats in Nam Van – ‘La Bahia No.1’ - are not moving as rapidly as units in upmarket housing project Carat in NAPE area. Estate agencies tell Business Daily that the developer’s prices are some distance from buyers’ expectations. Page
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HSI - Movers May 12
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Fasten seatbelts Analysts are anticipating a ‘strong but choppy’ year for the casino industry in Macau this year. Slower revenue growth, deceleration of upward estimates and a mixed outlook for China signal concern. Investors are already ‘anxious’.
10
%Day
Tencent Holdings Ltd
5.26
Cheung Kong Holdin
4.13
Henderson Land Dev
4.06
Wharf Holdings Ltd
3.33
Hang Lung Propertie
3.14
China Mengniu Dairy
0.26
China Unicom Hong K
0.16
Li & Fung Ltd
0.00
Swire Pacific Ltd
-0.06
China Resources Ent
-0.68
Source: Bloomberg
I SSN 2226-8294
Page 4
SJM market share dips
Billionaire galaxy Galaxy Entertainment chairman Lui Che Woo enters the financial stratosphere of the Sunday Times rich list for the uber-wealthy. His £12.5 billion (HK$163.3 billion) fortune secures him the number 42 spot Page 8
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The gaming operator reported a 2.9 profit increase in the first quarter supported by the mass segment but lost 3.2 percent of Macau’s casino gaming market Page
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