MOP 6.00 Year III
Number 741 Wednesday March 4, 2015
Publisher: Paulo A. Azevedo
Closing editor: Luís Gonçalves
Housing prices drop 11 pct in January PAGE 2 | Almost 250 taxi violations in CNY alone PAGE 8
Skyfall
N
ot quite as bad as investors feared. But still a staggering drop from any perspective. February gaming revenues recorded the biggest fall ever in Macau. Plunging 48.6 pct Y-O-Y. Operators made half – or MOP19 billion less – than in February 2014. Regardless of vanishing VIPs or unfavourable Y-O-Y comps Sands China clawed the biggest market share, followed by SJM. PAGE
Goldless
HSI - Movers
High-end and luxury goods sales in Macau plummeted 30 pct over CNY. While imports of gold jewellery merchandise in January plunged 56.5 pct. Market leader Chow Tai Fook says gold sales tanked 38 pct in Hong Kong and Macau. Lei Chi Fong, President of the Macau Goldsmith’s Guild, believes China’s anti-corruption campaign continues to cast a pall
Name
6
March 3
PAGE 3
SunBurned
%Day
AIA Group Ltd
2.11
Galaxy Entertainment
2.04
Hang Lung Properties
1.82
Sands China Ltd
1.70
Sun Hung Kai Propert
0.99
China Unicom Hong Ko
-2.21
Bank of China Ltd
-2.23
China Overseas Land
-2.31
Bank of Communicatio
-3.26
China Life Insurance
-3.75
Source: Bloomberg
I SSN 2226-8294
“We’re feeling the impact”. So said SunCity’s president of marketing strategy yesterday of Macau’s declining gaming revenues. However, the company is about more than gambling, he says. The junket operator is determined to turn SunCity into an international brand. And is still interested in supporting the Macau Grand Prix
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Infant formula. Buying sprees and empty shop shelves. Perhaps a thing of the past as Internet business peaks. European producers and delivery services are fuelling a sector that authorities have not yet tackled
Page 10
Indifference
Indifferent? Local respondents appear unfazed by Macau’s big issues. A survey finds the economy taking second place to daily concerns. The majority of interviewees – 83 pct – don’t have the economic recession on their minds. When it comes to the 2015 Policy Address, rents and transportation are uppermost in their calculations
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