THE M3: COTAIJET; CHINA OCTOBER BANK LOANS

The Macau Metro Monitor, November 11, 2011

 

 

COTAIJET WELCOMES TAIPA COMPETITION Macau Daily Times

“We see little impact to CotaiJet,” the company’s COO, John Seale said.  “In fact, we will see increased competition because if the relocation or shut down does occur, other ferry service operators will also be moving to Taipa,” he added.

 

Seale believes changes to the ferry terminal situation will not harm Sands China. “We do not see any impact on our business in general,” he said.  Seale is also unconcerned for Sands Macao casino, located near the Outer Harbour Ferry Terminal. “Sands has been in the market for over seven years and has a very established customer base,” he emphasized.

 

“Our view is neutral,” said John Seale. However, Sands’ non-executive director Michael Leven said last month the company would “still like the [Outer Harbour] terminal to stay open as long as possible”.

 

IN SIGN OF EASING, CHINA OCTOBER BANK LOANS REBOUND Reuters

Chinese banks lent 587 BN yuan ($92.5 BN) of new loans in October, +25% MoM and flat YoY, evidence of "selected" policy easing by the government to support growth as inflation falls.  China's M2 money supply eased to 12.9% from 13.0% in September.  The median forecast by economists was for an issuance of 500 billion yuan in October and a 13.0% rise in M2 last month.


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