THE M3: LAWSUITS DISMISSED; GUANGZHOU-ZHUHAI RAIL; CHINA LOANS

The Macau Metro Monitor, January 31, 2011

 

CLAIM AGAINST LAS VEGAS SANDS REGARDING MACAU LICENSE DISMISSED macaubusiness.com

Las Vegas Sands announced the District Labour Court in Tel Aviv has dismissed a claim from Moshe Hananel, a former LVS executive.  Hananel had claimed that he gave Adelson the idea to invest in Macau and an option for 12% of the company's business in Macau for helping Las Vegas Sands get a license in Macau.


BILLIONAIRE HO SENT TO HOSPITAL AMID LAWSUIT, CABLE TV SAYS Bloomberg

Stanley Ho was taken to the Hong Kong Sanatorium & Hospital, local broadcaster Cable TV reported.  Over the weekend,  Brunswick Group, a PR firm acting on behalf of defendants Chan Un-chan, Ho's 3rd wife, and her five children, stated that Ho had dropped the lawsuit against his family.  However, Ho's lawyers denied such actions.

 

According to Pansy Ho, the Ho family met on Jan. 27 in Macau to discuss the family dispute but "the discussion did not lead to any conclusion nor consensus."

 

GUANGZHOU-ZHUHAI INTERCITY RAIL TO RUN BY FALL People's Daily

The provincial Development & Reform Commission originally required that the Guangzhou‐Zhuhai intercity rail to reach Gongbei in 1H11.  Guangzhou‐Zhuhai intercity rail is expected to run into downtown areas by July 1 and access Gongbei station by October at the latest.


SOME BANKS IN CHINA STOPPED LENDING IN JANUARY Macau Daily News

Some of China's major banks have stopped extending credit in January as they have already reached the month’s lending quotas. As stated, lending in January should not exceed 12% of the 2011 full‐year target. New loans have exceeded 1.2 trillion yuan as of Jan 24th.


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Cartoon of the Day: Crash Test Bear

In the past six months, U.S. stock indices are up between +12% and +18%.

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GOLD: A Deep Dive on What’s Next with a Top Commodities Strategist

“If you saved in gold over the past 20 to 25 years rather than any currency anywhere in the world, gold has outperformed all these currencies,” says Stefan Wieler, Vice President of Goldmoney in this edition of Real Conversations.

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Exact Sciences Up +24% This Week... What's Next? | $EXAS

We remain long Exact Sciences in the Hedgeye Healthcare Position Monitor.

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Inside the Atlanta Fed's Flawed GDP Tracker

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Cartoon of the Day: Acrophobia

"Most people who are making a ton of money right now are focused on growth companies seeing accelerations," Hedgeye CEO Keith McCullough wrote in today's Early Look. "That’s what happens in Quad 1."

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People's Bank of China Spins China’s Bad-Loan Data

PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.

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UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

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Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

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Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

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An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

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Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

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