Macau Business Daily, June 4, 2014

Page 1

Perfect Shape to sell shares

Page

6

Reality check

Closing editor: Sara Farr

MOP 6.00

Eternity dumps gaming business |

M

Publisher: Paulo A. Azevedo

acau casinos took in 32.4 billion patacas in gross revenue last month. That was a 9.3 percent increase over the same period last year. But May registered the slowest growth rate in four months. The underperforming VIP segment is blamed. Which didn’t stop Sands China and SJM slugging it out for market share supremacyw

Year III

Number 553 Wednesday June 4, 2014

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Brought to you by

HSI - Movers June 3

www.macaubusinessdaily.com

Name

Premium office pantomime

%Day

China Resources Po

4.91

COSCO Pacific Ltd

4.49

Lenovo Group Ltd

3.13

Henderson Land Dev

2.28

Kunlun Energy Co Lt

2.22

Li & Fung Ltd

-1.07

Want Want China Ho

-1.29

Sands China Ltd

1.42

China Overseas Land

-1.68

Galaxy Entertainme

-3.07

Source: Bloomberg

Rents for premium offices in Macau are skyrocketing. The first quarter of the year was a real eye-opener. Rents grew twenty times faster than the median of 20 provinces in Central and Eastern China plus Hong Kong and Taiwan Page

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5

Rollercoaster ride It was a bumpy session yesterday for gaming shares in Hong Kong. A bullish morning ended in a bearish mood in the afternoon. May gaming revenues in Macau failed to meet market expectations. “It’s a little disappointing,” said Aaron Fischer, head of consumer research at CLSA, who said it indicated a sharp drop at the end of the month Page 2

Data raid PMI data from China, Taiwan and other regions were released yesterday. Official figures surpass the HSBC/ Market results Page 9

Social net strengthened State pension and disability living allowance have increased 6 percent to 3,180 patacas per month. Retroactive from January 1, the government says this reflects the decrease in quality of life for pensioners. Economic change is the villain Page 7

2014-6-4

2014-6-5

2014-6-6

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Macau Business Daily, June 4, 2014 by Business Daily - Issuu