Takeaway: We remain negative on Macau.

CALL TO ACTION


Following two days of meetings in Macau, we are reiterating our negative thesis on the Macau stocks. December could mark the low in investor sentiment but any recovery continues to look further and further away. I was hoping for the emergence of a catalyst and/or signs of a fundamental bottom. Alas, I was disappointed.  

Please see more details in our note: CLICK HERE