Macau Business Daily, Jan 10, 2014

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MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 557 Tuesday June 10, 2014 Year III

New market leader E

nter Macau New Era. Existing bus operator TCM holds a majority stake in the company taking over Reolian’s assets and operation. TCM now controls two-thirds of the bus network in Macau, managing 44 routes out of 67. The contract expires within 4 years, following which the government promises an open bid

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Unlucky 13 Casino profits in Macau could fall in the second quarter of 2014. For the first time in four years. Analysts are downgrading the gaming sector to hold, citing 13 reasons why PAGE 4

Keep it cool

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The government may introduce further measures to cool the property market. At the moment, it’s ‘wait and see’. But if rampant speculation becomes evident the gloves come off

HSI - Movers June 9

Name

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Lucrative offshore Caixa Geral de Depósitos offshore in Macau has clocked up eleven months of operation. Now it’s achieved a profit of 11.6 million patacas since February of last year

Traders are placing bets on the four main Banks of China. The latest export and current surplus trade results indicate an improving economy Page 9

COSCO Pacific Ltd

2.44

Tencent Holdings Ltd

2.22

Bank of China Ltd

1.93

Hutchison Whampoa

1.93

Swire Pacific Ltd

1.52

Kunlun Energy Co LtD

-0.32

Hong Kong & China Ga

-0.47

China Resources Land

-0.78

Galaxy Entertainment

-2.41

Sands China Ltd

-2.67

Source: Bloomberg

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Banking on China

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I SSN 2226-8294

Red-flagging risk

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Fitch warns of a growing risk. Banks in Macau are exposed to Mainland financial increases of 50 percent every year. More than 20 percent of Macau’s banking assets are China-related. A US$240 billion headache if the tide turns PAGE 3

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