Number 663 Monday November 10, 2014
Publisher: Paulo A. Azevedo
Closing editor: Sara Farr
MOP 6.00
Up, up and away I
Year III
t’s on the up. Macau International Airport handled over 460,000 passengers last month. The 12 percent increase eclipsed last year’s Y-O-Y growth rate. China’s National Day holidays helped with 17 percent more passengers handled in Golden Week this year. MIA is close to achieving its yearly target for passenger volume; and has already surpassed the 2,161 business aircraft movements registered last year PAGE
Worse to come
3
Police expose 11 junk message stations
Morgan Stanley is swimming against the tide. Industry consensus is that gaming revenue hit bottom in October. But the U.S. bank says hold on a minute. They predict double-digit declines in revenue until the second quarter of 2015. ‘Stocks could start falling from mid-November and bottom in January’, they say
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Page 4
IGT profits drop 9 percent Page 4
Sinogreen Energy acquired by Jimei Entertainment Page 4
Brought to you by
HSI - Movers
New broom sweeps clean
November 7
Name
Will he or won’t he? Local media say it’s definite. Executive Council member Lionel Leong Vai Tac is to take up Francis Tam’s portfolio as Secretary for Economy and Finance. Other sweeping changes are to be made in the cabinet, as well. Justice, Security, Transport and Public Works, CCAC and Culture are all being shaken up, say the reports
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2
%Day
Best foot forward
Sands China Ltd
2.55
Hong Kong Exchanges
1.97
Sino Land Co Ltd
1.13
He put on a brave face at APEC. During the Asia Pacific Economic Cooperation CEO Summit Chinese President Xi Jinping conceded that China had turned in a weaker 2014 performance. But no cause for concern. He remains confident the country will surpass 7 percent growth
Galaxy Entertainment
0.81
China Resources Ente
0.45
Power Assets Holding
-1.86
Henderson Land Devel
-1.96
China Resources Powe
-2.79
China Mengniu Dairy
-4.70
Lenovo Group Ltd
-4.82
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Source: Bloomberg
I SSN 2226-8294
www.macaubusinessdaily.com
INTERVIEW
Pollsters’ paradise found wanting
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Macau is certainly familiar with polls. But an expert says they are far from scientifically conducted. Bottom line results often mask inadequate sampling methodology and analysis. Angus Cheong describes it as an abuse that can seriously mislead both policymakers and the public. The media, in particular, should pay attention to this, he says, and more training in research basics is essential for the industry
Pages 6 & 7
2014-11-10
2014-11-11
2014-11-12
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