Macau Business Daily August 18, 2015

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MOP 6.00

David Chow opens ecofriendly paper-printing factory in Anhui, China

Closing editor: Joanne Kuai

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Analysts say IPOs will return to China by year-end Page 8

Hong Kong Monetary Authority chief executive bets on financial stability Page 10

Year IV

Number 859 Tuesday August 18, 2015

Publisher: Paulo A. Azevedo

Aussie mogul Packer’s rising casino debt making bond market wary Page 7

Real Estate Exodus The real estate downtrend is apparent. Particularly in the office and industrial unit sectors. Average prices and transactions shrank in Q2, official data reveals. Overall, transactions dropped 38 pct Y-o-Y, while values dropped 45.4 pct Y-o-Y to MOP28 bln Page

3

Austerity Tightrope MOP27.2 billion surplus. In the first seven months of the year. Very respectable but nearly 60 pct down Y-o-Y. Gov’t expenditure totalled MOP37.3 bln, up 27.9 pct Y-o-Y. Nevertheless, it has ‘only’ spent 42.4 pct of the MOP87.9 billion projected for 2015. August figures will dictate if austerity is on the cards

Manning Up Manmade mismatch. A Bloomberg survey suggests official Chinese economic data has been overoptimistic. Maintaining a wide margin for potential growth. And explaining why authorities launched stimulus measures last week

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Gaming

Smoking Gun

Tobacco retailers are suffering. Sales have plunged dramatically following the triple tax imposed last month. By 60 to 70 pct. Encouraging smokers to buy cigarettes in Zhuhai. Local retailers say only vigilant Customs and harsh smuggling penalties can relight the local market. Failing which, two-thirds of street vendors will be out of a job

www.macaubusinessdaily.com

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For Sale A Hong Kong Stock Exchange IPO. Within one year. Hong Kong Centaline Group Co-founder Shih Wing Ching acknowledges the need for funding. In response to intensifying competition from Mainland China’s online brokers

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Thriving Down Under The gamble has paid off. Gaming promoter Jimei International Entertainment expanded to Australia. And has boosted company profits to HK$53.26 mln in the first half. Besides Cambodia and Oz, the company is seeking more opportunities, ‘particularly in Asia’

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HSI - Movers August 17

Name

%Day

China Mobile Ltd

+1.46

Want Want China Hol

+1.24

CLP Holdings Ltd

+0.74

China Mengniu Dairy C

+0.60

CITIC Ltd

+0.40

Galaxy Entertainment

-1.61

CNOOC Ltd

-2.23

Bank of East Asia Ltd/T

-2.35

China Shenhua Energy

-2.48

Kunlun Energy Co Ltd

-2.50

Source: Bloomberg

I SSN 2226-8294

2015-8-18

2015-8-19

2015-8-20

27˚ 33˚

27˚ 33˚

27˚ 32˚


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Macau Business Daily August 18, 2015 by Business Daily - Issuu