prev

MACAU FEBRUARY UPDATE

We wouldn’t read too much into the first week’s numbers but they are not good.

 

 

The week before and the first few days of Chinese New Year (CNY) are usually slow.  We are hearing that overall market hold percentage may have been low and it certainly was at Wynn and MGM (possibly below 1% at both).  Macau was very crowded on Saturday and Sunday and that is likely to continue.  The strong CNY-related VIP play likely began in earnest on Sunday, which is not included in these numbers.

 

Our concern is that some analysts/investors may be expecting close to a HK$20bn month while we think HK$17-18bn is more likely even with strong CNY volumes this week.  MPEL continues to have the most upside relative to expectations, in our opinion.  Wynn’s market share should bounce back nicely.  We are hearing their numbers were extremely strong the last two days.

 

MACAU FEBRUARY UPDATE - table1


MACAU FEBRUARY UPDATE

We wouldn’t read too much into the first week’s numbers but they are not good.

 

 

The week before and the first few days of Chinese New Year (CNY) are usually slow.  We are hearing that overall market hold percentage may have been low and it certainly was at Wynn and MGM (possibly below 1% at both).  Macau was very crowded on Saturday and Sunday and that is likely to continue.  The strong CNY-related VIP play likely began in earnest on Sunday, which is not included in these numbers.

 

Our concern is that some analysts/investors may be expecting close to a HK$20bn month while we think HK$17-18bn is more likely even with strong CNY volumes this week.  MPEL continues to have the most upside relative to expectations, in our opinion.  Wynn’s market share should bounce back nicely.  We are hearing their numbers were extremely strong the last two days.

 

MACAU FEBRUARY UPDATE - table1



Daily Trading Ranges

20 Proprietary Risk Ranges

Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.




Hedgeye Statistics

The total percentage of successful long and short trading signals since the inception of Real-Time Alerts in August of 2008.

  • LONG SIGNALS 80.38%
  • SHORT SIGNALS 78.41%
next