MOP 6.00
Dorier expands in China, opens office in SAR
Closing editor: Joanne Kuai
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China’s central bank governor senses stocks rout almost finished Pages 8 & 9
Hong Kong real estate prices to drop next year Page 11
Year IV
Number 875 Tuesday September 8, 2015
Publisher: Paulo A. Azevedo
Materials prices local manufacturers’ biggest challenge Page 4
Spotlight on Tourism Little to offer. That’s the damning conclusion of a Hong Kong legislator. Yiu Si-wing said gaming-reliant Macau is even less attractive than the neighbouring SAR. And that Macau’s tourism businesses have been ‘dragged down’ by Hong Kong’s slowdown. A local scholar and trade chamber representative have called for redoubled efforts by the gov’t and industry to redress the situation Page
2
Profits checking out A strong Hong Kong dollar. And regional competition from Japan and South Korea. Both combining to dampen hotel profits for stateowned travel services provider China Travel International Investment Hong Kong Ltd. Hotel revenue in the SARs dipped 20 pct y-o-y in H1 to HK$368 million
FX Falling
China's foreign exchange reserves fell to US$3.56 trillion at the end of August. Reserves decreased by US$90 billion in August. Thus marking the fourth consecutive month of falling forex reserves, according to PBOC
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HSI - Movers September 7
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Gaming
Moving On
The gov’t is to sign a public concession with public bus operator TCM. Abolishing the service contract previously slammed by the CCAC. The new contract will be similar to that of Macau New Era, says the gov’t, with different subsidy cap
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%Day
Kunlun Energy Co Ltd
+2.32
Want Want China Hol
+1.88
China Resources Powe
+0.90
CITIC Ltd
+0.63
Lenovo Group Ltd
+0.47
Hang Lung Properties
-2.41
BOC Hong Kong Holdin
-3.33
China Merchants Hold
-4.37
Galaxy Entertainment
-5.08
Belle International Ho
-5.26
Source: Bloomberg
Freefall
I SSN 2226-8294
Deutsche Bank expects gaming revenue to decline 35.2 pct y-o-y this month. To MOP16.57 billion, driven by freefalling VIP and mass markets. Analysts forecast a 27.2 per cent decrease in mass, with a whopping decline of 53 pct for the VIP segment
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