THE M3: SJM COTAI; CASINO JAI ALAI

THE MACAU METRO MONITOR, NOVEMBER 25, 2013

 

 

SJM AWAITS VERDICT ON A SECOND COTAI BLOCK Macau Business

SJM expects the government to update the company soon on its request for a second block of land in Cotai.  “We are still waiting for that lot and we hope to hear from the Macau government soon. We have submitted our plans there, but we are waiting for a reply,” CEO Ambrose So said.  The extra land the company wants is thought to be near the Studio City casino.  In May, the government granted SJM the right to develop more than 70,000 square metres of land near the Macau Dome.

 

SJM COTAI PROJECT MODEL TO BE PRESENTED EARLY NEXT YEAR Macau Daily Times

SJM CEO Ambrose So said that they are going to publicize the ideas behind the conceptualization of their Cotai project.  He disclosed that they are currently improving the condition of the soil, and will have to fully analyze it.  He also revealed that the project is almost finished and is awaiting the government’s approval to begin construction.  So hopes that the project can start in 1Q 2014.

 

SJM CONFIRMS LEASEBACK DEAL FOR CASINO JAI ALAI Macau Business

Casino Jai Alai, until last year thought to be wholly owned by SJM Holdings Ltd, will be leased back to the company for the next three years.  SJM Holdings told the Hong Kong Stock Exchange that the deal means a company controlled by businesswoman Angela Leong On Kei would receive up to HK$180 million (US$23.2 million) a year for three years from January 1.


SECTOR SPOTLIGHT | Live Q&A with Healthcare Analyst Tom Tobin Today at 2:30PM ET

Join us for this edition of Sector Spotlight with Healthcare analyst Tom Tobin and Healthcare Policy analyst Emily Evans.

read more

Ouchy!! Wall Street Consensus Hit By Epic Short Squeeze

In the latest example of what not to do with your portfolio, we have Wall Street consensus positioning...

read more

Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

read more

McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

read more

Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more

6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

read more

Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

read more

Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

read more

A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

read more

Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

read more