THE M3: GALAXY UPDATE, H1N1 , NO NEW GAMING CONCESSIONS, NEW MACAU ROUTE, SHANGHAI EXPO

The Macau Metro Monitor. January 20th, 2010

 

GALAXY ANNOUNCES MANAGEMENT UPDATE & SELECTED UNAUDITED 2009 FOURTH QUARTER FINANCIAL DATA Galaxy Entertainment Group

  • StarWorld continues to outperform the market with all time record quarterly revenue of $3,455 million
  • StarWorld records six consecutive quarters of revenue growth
  • StarWorld delivers record VIP turnover volumes of $98 billion
  • StarWorld reports a very strong hotel occupancy of 96%
  • Galaxy Macau on schedule to open in the first quarter of 2011
  • Financing of Galaxy Macau progressing on schedule

 

 

NEW FLU OUTBREAK IN MACAU macaudailytimes.com

H1N1 outbreaks have led to the suspension of a Taipa kindergarten and two classes from a special education center this week.  In addition, 5 more inmates at Macao Prison have tested positive for the virus. The Health Bureau confirmed that none of the infected students had been previously inoculated against the H1N1 flu.

 

NEW GAMBLING CONCESSIONS UNLIKELY IN MACAU Alibaba.com

In a Reuters interview yesterday, director of Macau's Gaming Inspection and Coordination Bureau, Manuel Joaquim das Neves, stated that "I think the possibility of more concessions is very low."  Genting and Harrah's were sited among hopefuls for new future gaming concessions.

 

VIVA MACAU AIRLINES TO FLY HANOI-MACAU ROUTE Viet Nam News

Starting on February 13th, Viva Macau will add a direct Hanoi-Macau route 3x per week, offering off-peak economy fares for just US$25 one way. Viva Macau currently flys between Macau and HCM city.

 

SHANGHAI WORLD EXPO TO THE 'LARGEST EVER' macaudailytimes.com

The Shanghai 2010 World Expo, running between May 1 and Oct 31, is expected to attract more than 70MM visitors to Macau, according to Zhou Hanmin, deputy director of the World Expo 2010 Shanghai Committee.  As of Sunday, more than 18MM tickets had already been sold. The Expo, whose Chinese Pavilion permanent infrastructure has cost RMB$80 billion to construct, will focus on peace, development and the environment.


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

Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

read more

REPLAY: Review of $EXAS Earnings Call (A Hedgeye Best Idea Long)

Our Healthcare Team made a monster call to be long EXAS - hear their updated thoughts.

read more

Capital Brief: 5 Things to Watch Right Now In Washington

Here's a quick look at some key issues investors should keep an eye on from Hedgeye's JT Taylor and our team of Washington Policy analysts in D.C.

read more