MACAU WEEKLY ANALYSIS (FEB 1-8)

Takeaway: A very weak start to February even after considering the CNY shift

CALL TO ACTION

We continue to think that a down 35% February suggests Macau fundamentals are stable with recent monthly volumes. However, if the first week of February is any indication, the trend may be worsening. 

Please see our detailed note:  

http://docs.hedgeye.com/HE_Macau_2.9.15.pdf