MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 609 Thursday August 21, 2014
Chief Executive to prioritise housing H
Year III
e promised yesterday that housing was at the top of his agenda. Chui Sai On said combating price hikes in Macau would be seriously addressed. The sole candidate in the Chief Executive election undertakes to review a raft of laws. Construction regulations will be brought up to date. And the relationship between supply and demand for private and public housing will be thoroughly examined PAGE
Mainland China adapting to shark fin ban
Flying on fumes www.macaubusinessdaily.com
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Foreign currency deposits up 30 pct
Week after week it’s getting more real. Gaming revenues in Macau are headed for another flat to negative month. August performance is shaky, with declining VIP business and weakness in the mass segment. Uncertainty will hover until the last quarter, pundits predict
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China LotSynergy profits jump 35 pct Page 4
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Macau boosts Keck Sang Bricks and mortar do it again. Hong Kong-listed property investment firm Keck Sang saw its first half profit rise by 12 percent. The growth in rental income from their properties in Macau keeps on giving
August 20
Name
%Day
Hang Lung Propert
3.35
Hong Kong & ChiNa G
3.15
BOC Hong Kong Hold
2.97
Sino Land Co Ltd
2.79
Wharf Holdings Ltd/T
2.76
Wynn doubles design budget
China Mobile Ltd
-1.15
China Mengniu Dairy
-1.43
China Unicom HK
-1.49
CNOOC Ltd
-1.56
Lenovo Group Ltd
-2.83
Wynn is splashing the cash. Wynn Macau will spend HK$156 million on design services this year. Wynn Palace in Cotai gets major attention. While Wynn Macau on the Peninsula gets a sweeping makeover. The size of 2014’s design budget equals that of 2012 and 2013 combined; and is twice the original slated for 2014
Source: Bloomberg
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Prices up 6 percent in July
HSI - Movers
I SSN 2226-8294
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Inflation in Macau posted 5.92 percent last month. Housing prices skyrocketed again, more than 11 percent. While food was 6 percent more expensive than a year ago. Some commodities were cheaper but overall prices went north PAGE
6
MSCI touches the sky
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The MSCI Hong Kong Index has reached a 6-year record. Rebounding 21 percent from a February low. The Index yesterday surpassed its all-time high reached in October 2007. Page 8
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