MOP 6.00
Melco Int’l H1 profit plunges 87.8 pct
Closing editor: Joanne Kuai
New conditions on RMB trades to limit oscillations
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Michael Mecca steps down as COO of Galaxy Macau Page 4
Publisher: Paulo A. Azevedo Number 871 Wednesday September 2, 2015 Year IV
Home prices in Mainland China rise for first time in 2015 Page 8
MSAR Announces Austerity Measures
It was always on the cards. And now it’s time. Due to continuing dwindling gaming revenues the gov’t will cut public spending. A reduction of MOP1.4 bln has been earmarked for fiscal 2015. Daily supplies and third-party services are in the firing line. The administration has reiterated that social welfare - including this year’s wealth-sharing programme and public investment plan - are ring-fenced Page
5
Luck not a lady Gaming revenue plunged 35.5 pct in August y-o-y. To MOP18.6 bln, sliding for fifteen consecutive months. Analysts say numerous persistent headwinds are hampering recovery. Meanwhile, Sands China takes the lion’s share of the market, now five months in a row
China’s official factory gauge. It fell to the lowest reading in three years as monetary easing fails to revive old growth drivers. Weighed down by overcapacity and sliding prices. The official Purchasing Managers’ Index was 49.7 for August
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Name
%Day
Hang Lung Properties
+0.91
Link REIT
+0.36
Hengan International
-0.13
Hang Seng Bank Ltd
-0.15
Want Want China Hol
-0.16
China Resources Powe
-4.85
CITIC Ltd
-5.49
BOC Hong Kong Holdin
-5.53
Tingyi Cayman Islands
-5.54
China Mengniu Dairy C
-6.83
I SSN 2226-8294
Autos slowing down Mercedes-Benz is on a roll. With a market share of 23 pct in Macau. The highest penetration rate in the world, apparently. Regardless, Zung Fu Motors (Macau) GM Pawin Sriusvagool says as of July sales of the local automotive market decreased 16 pct
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Property www.macaubusinessdaily.com
September 1
Source: Bloomberg
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Factory gauge falters
HSI - Movers
Realtors get real Average high-end residence prices are suffering. Dropping by at least 20 pct from their peak last year. Local realtors expect a slow Q3 as stimuli have not yet emerged
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