THE M3: TAIPA INFRASTRUCTURE; PACKAGE TOURS

The Macau Metro Monitor, June 14, 2012

 

 

LRT STARTS CONSTRUCTION ON ALL TAIPA AND COTAI SEGMENTS Macau Daily Times

Four months after the beginning of construction for the first section of the Taipa Light Rapid Transit (LRT) system, yesterday's ground-breaking ceremony marks the start of a full force construction of the entire mass transit system, and is expected to be completed in 3 years.

 

The 3.4km Cotai Section consists of four stations covering the major resorts in the Cotai Strip as well as the centre of Taipa village, while the 3.1km Lotus Border Crossing Section has three stations linking the Macau University of Science and Technology, the airport and the Pac On Ferry Terminal.  The 1.9km section with five stations linking Taipa village and the Sai Van Bridge started its construction in February.  According to Lei Chan Tong, Coordinator of the Transportation Infrastructure Office, the original completion target of 2015 for the Taipa project remain unchanged.

 

PACKAGE TOURS AND HOTEL OCCUPANCY RATE FOR APRIL 2012 DSEC

Visitor arrivals in package tours increased by 28% YoY to 695,762 in April 2012.  Visitors from Mainland China (491,337) went up by 20.3%, with 170,164 coming from Guangdong Province; besides, those from Taiwan (53,774); Hong Kong (41,672); and the Republic of Korea (23,247) soared by 95.6%, 68.6% and 25.3% respectively.

 

Attributable to the opening of new hotels, the number of available guest rooms of the 97 hotels and guest-houses totaled 24,211 at the end of April 2012, an increase of 4,063 rooms (+20.2%) YoY, with those of the 5-star hotels accounting for 61.3% of the total.  Average occupancy rate of the hotels was 82.5%, with 5-star hotels leading at 83.1%.  The average length of stay decreased by 0.08 night to 1.4 nights.


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This is a brief note written by Hedgeye U.S. Macro analyst Christian Drake on 4/28 dispelling media reporting that “US GDP collapses to 0.7%, the lowest number in three years with the worst personal spending since 2009.”

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7 Tweets Summing Up What You Need to Know About Today's GDP Report

"There's a tremendous opportunity to educate people in our profession on how GDP is stated and projected," Hedgeye CEO Keith McCullough wrote today. Here's everything you need to know about today's GDP report.

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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

"The Atlanta Fed’s GDPNowcast model, while useful at amalgamating investor consensus on one singular GDP estimate for any given quarter, is certainly not the end-all-be-all of forecasting U.S. GDP," writes Hedgeye Senior Macro analyst Darius Dale.

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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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