THE M3: LIGHT RAIL, OCEANUS, MELCO CROWN

The Macau Metro Monitor.  December 9th, 2009

 


TIMETABLE FOR MACAU LRT thestandard.com.hk

It was disclosed yesterday that Macau will have a light rail system connecting the peninsula with Taipa Island and the Cotai Strip in four years.  Construction on the system will start soon and there is a plan to eventually link the LRT system to the future Hong Kong-Zhuhai-Macau Bridge.  Macau transport infrastructure office consultant Michael Lan Soi-hoi has said that the first phase of the LRT project, costing MOP7.5 billion, will be completed in 2014.  Passenger capacity will reach 14,000 at peak hours in 2020 and fares are expected to range between four and six patacas. 

 

 

SOCIEDADE DE JOGOS DE MACAU TO OPEN “SEA CUBE” CASINO NEXT WEEK macaunews.com.mo

Stanley Ho’s Sociedade de Jogos (SJM) announced Tuesday that is will open its Casino Oceanus at Jai Alai on Tuesday of next week.  SJM Chief Executive Officer Ambrose So Shu Fai said that the Oceanus “provides another anchor to our business on the Macau Pennisula, the principal gaming and entertainment area of Macau”.   The casino will have a staff of 2,400, according the announcement. 

 

 

MELCO CROWN SAYS NO PLAN TO RAISE EQUITY businessspectator.com.au

Melco Crown Entertainment does not plan to raise equity, but will refinance its debt through bonds and bank loans by mid-2010, its CFO said on Wednesday.  CFO Simon Dewhurst also said that Melco Crown could “carry comfortably” $US1.5 to 2 billion of debt on its balance sheet.


Did the US Economy Just “Collapse”? "Worst Personal Spending Since 2009"?

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.”

read more

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.

read more

Cartoon of the Day: Crash Test Bear

In the past six months, U.S. stock indices are up between +12% and +18%.

read more

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.

read more

Exact Sciences Up +24% This Week... What's Next? | $EXAS

We remain long Exact Sciences in the Hedgeye Healthcare Position Monitor.

read more

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.

read more

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."

read more

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.

read more

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."

read more

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.

read more

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.

read more

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.

read more