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Post by mrtaxx on Jun 6, 2014 8:18:20 GMT -5
Note most of the TP's were NOT reduced substancially:
JP Morgan trims target prices of Macau gaming stocks over downward risk of revenue: 2014-06-06 12:05:29
According to the latest research report by JP Morgan, gaming revenue of Macau had only climbed 9% yearly in May, while VIP revenue had dropped 2% year-on-year. The bank believed the decline in VIP revenue was attributable to the tighter junket liquidity and weaker real property market in China.
Although growth momentum of the high-margin mass segment has sustained, JP Morgan expected downward risk in the annual gaming revenue. Gaming revenue growth forecast was trimmed from 17% to 13% year-on-year. For VIP segment, the growth forecast was lowered from 12% to 6%, while the growth forecast of mass segment was kept unchanged at 32%.
Target prices of Macau gaming stocks had been revised down broadly. Target price of:
SANDS CHINA LTD (01928.HK) -0.500 (0.912%) Short selling $93.19M; Ratio 13.217% was reduced from $73.3 to $72.8.
WYNN MACAU (01128.HK) -0.700 (2.201%) Short selling $66.36M; Ratio 33.832% was trimmed from $42.8 to $42.1.
MGM CHINA (02282.HK) -0.600 (2.260%) Short selling $29.41M; Ratio 20.090% was lowered from $38.5 to $37.8.
All of them were rated Overweight.
GALAXY ENT (00027.HK) -1.100 (1.855%) Short selling $52.67M; Ratio 8.514% , target price was reduced from $76 to $73.6, and shares were rated Neutral.
SJM HOLDINGS (00880.HK) +0.050 (0.233%) Short selling $25.02M; Ratio 11.013% was rated Neutral as well, target price was slashed from $28 to $26.9.
MELCO INT'L DEV (00200.HK) 0.000 (0.000%) Short selling $405.55K; Ratio 1.808% was rated Overweight, target price was lowered from $38.5 to $36.3.
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Post by mrtaxx on Jun 11, 2014 22:17:28 GMT -5
CITI Revised Macau Casino PT's 6/11/2014In a research report, Citigroup updated & downgraded the latest ratings and target prices for Macau gaming stocks.
Stock / Investment Rating / Target Price (HK$) GALAXY ENT (00027.HK) +0.850 (1.474%) Short selling $146.81M; Ratio 12.461% / Buy / $89.98->87 MELCO INT'L DEV (00200.HK) -0.250 (1.075%) Short selling $3.82M; Ratio 2.088% / Buy / $30->28 SJM HOLDINGS (00880.HK) +0.120 (0.620%) Short selling $8.77M; Ratio 2.344% / Buy / $32.05->31 WYNN MACAU (01128.HK) +0.600 (2.051%) Short selling $96.32M; Ratio 29.763% / Buy / $43->41 SANDS CHINA LTD (01928.HK) +0.750 (1.397%) Short selling $65.59M; Ratio 5.524% / Buy / $82
MGM CHINA (02282.HK) +0.200 (0.810%) Short selling $7.46M; Ratio 3.989% / Buy / $40->39 MELCO CROWN (06883.HK) +2.350 (2.905%) / Buy / $142.5 www.aastocks.com/EN/News/HK6/NOW.609568.html________________________________________________________________________________________ Standard Chartered, the followings are the Top Dividend Growth stocks in HK and China 7/2/2014: Sands China, Wynn Macau, MGM, SJM & PCCW. BofA/ML Macau PT's BofA/ML Rates Sands China, Galaxy, WYNN, MGM, a BUY, SJM NOT Rated Buy 6/24/2014 $73.1 SANDS CHINA LTD (01928.HK) 6/24/2014 BUY TOP PICK: Prior Buy $72.2->73.1 $82.9 GALAXY ENT (00027.HK) 6/24/2014 TOP PICK: prior $82 Buy Pior$83.2->82.9 $45.4 WYNN MACAU (01128.HK) 6/24/2014 Buy: Prior $44.9->44.6 $38.8 MGM CHINA (02282.HK) 6/22014 Buy: Prior $39.6->39.2 $25 SJM HOLDINGS (00880.HK) 6/24/2014 NOT rated a Buy: +0.350 (1.528%) Short selling $5.52M; Ratio 7.763% / Underperform / $25.6->24.8 Again no mention of MPEL? ____________________________________________________________________________________________ Summary of ** Deutsch Bank ** Karen Tangs latest target prices for Macau Gaming Stocks : 6/30/2014 $70 SANDS CHINA LTD (01928.HK) +0.900 (1.561%) Short selling $211.32M; Ratio 19.037% / Buy $80 GALAXY ENT (00027.HK) +2.150 (3.592%) Short selling $158.67M; Ratio 9.765% / Buy $33 MGM CHINA (02282.HK) +1.000 (3.861%) Short selling $44.75M; Ratio 11.996% / Buy TOP PICK $23 SJM HOLDINGS (00880.HK) -0.120 (0.614%) Short selling $9.13M; Ratio 2.986% / Hold $34 WYNN MACAU (01128.HK) +0.550 (1.843%) Short selling $54.61M; Ratio 20.136% / Hold www.aastocks.com/EN/News/HK6/NOW.612643.html
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Post by flyinggoos on Jul 2, 2014 17:34:59 GMT -5
CITI Revised Macau Casino PT's 6/11/2014In a research report, Citigroup updated & downgraded the latest ratings and target prices for Macau gaming stocks.
Stock / Investment Rating / Target Price (HK$) GALAXY ENT (00027.HK) +0.850 (1.474%) Short selling $146.81M; Ratio 12.461% / Buy / $89.98->87 MELCO INT'L DEV (00200.HK) -0.250 (1.075%) Short selling $3.82M; Ratio 2.088% / Buy / $30->28 SJM HOLDINGS (00880.HK) +0.120 (0.620%) Short selling $8.77M; Ratio 2.344% / Buy / $32.05->31 WYNN MACAU (01128.HK) +0.600 (2.051%) Short selling $96.32M; Ratio 29.763% / Buy / $43->41 SANDS CHINA LTD (01928.HK) +0.750 (1.397%) Short selling $65.59M; Ratio 5.524% / Buy / $82
MGM CHINA (02282.HK) +0.200 (0.810%) Short selling $7.46M; Ratio 3.989% / Buy / $40->39 MELCO CROWN (06883.HK) +2.350 (2.905%) / Buy / $142.5 www.aastocks.com/EN/News/HK6/NOW.609568.html |
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Post by flyinggoos on Jul 2, 2014 17:36:36 GMT -5
hello Taxx, R you posting on the mpel yahoo board? and if so, okay, but, there is an imposter posing to be bjspokanimal19 and I know that must be the crazy, "tony"..goos.
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Post by mrtaxx on Jul 2, 2014 17:41:02 GMT -5
Yes goos. I posted today on the MPEL board with ID mrtaxxxx (4 x's), my old ID was mrtaxx (2 x's)
Beware, Tony has mrtaxxx (3 x's) and many other ID's of spok.., blitz, etc.
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Post by nycdlp on Jul 2, 2014 19:24:09 GMT -5
It's very disheartening to see that cancer begining to spread from the LVS onto the MPEL Yahoo Message Board. If it continues perhaps we can set up a MPEL board on this site.
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Post by mrtaxx on Jul 17, 2014 7:25:08 GMT -5
Q1 & Q2 Summary of Analysts Sands China LTD's, PT's: updated 7/18/2014 ____________________________________________________________ ** $80 Citi 7/11/2014 TOP PICK Buy: Prior $82 CITI 6/11/2014 ** $74 Credit Suisse 7/2/2014, Prior $79.10, 6/1/2014 Outperform ** $73.1 BofA/ML, 6/24/2014 TOP PICK** $72.08 Barclays 6/30/2014 analyst analyst Phoebe Tse Bullish **** $71.80 JP Morgan Overweight 7/16/2014: Prior $72.80 7/1/2014: Prior 73.3 6/6/2014: Wynn Macau is JPM's Favorite $70 Nomura 6/18/2014, analysts Louise Cheung and Harry Curtis: prior PT $75 Buy ** $68.8 HSBC 7/4/2014 Overweight: Prior $70.8: $69.1: Standard Chartered 6/1/2014 Outperform **** 68.1 Goldman Sachs 7/16/2014 BUY: Prior $70 7/8/2014 Buy TOP PICK: Prior $71 6/9/2014: Prior $70.2 $68. : DBS Vickers Buy ** $66 Deutsch Bank 7/7/2014 Buy: Prior was $70 6/30/2014 Karen Tang: Prior $75 $65 Morgan Stanley, 6/18/2014, analysts Praveen K Choudhary and Alex Poon: prior PT $70: 5/14/2014: Overweight Rating : Prior $64 :& Equalweight rating $64.10 UBS 6/18/2014: prior PT $72.70: Buy Standard Chartered, the followings are the Top Dividend Growth stocks in HK and China 7/2/2014: Sands China, Wynn Macau, MGM, SJM & PCCW. Notes: ** = Recent PT changes **** PT changes after Q2/2014 ER BofA/ML Macau PT's ** BofA/ML Rates Sands China, Galaxy, WYNN, MGM, a BUY, SJM NOT Rated Buy 6/24/2014 ** $73.1 SANDS CHINA LTD (01928.HK) 6/24/2014 BUY TOP PICK: Prior Buy $72.2->73.1 ** $82.9 GALAXY ENT (00027.HK) 6/24/2014 TOP PICK: prior $82 Buy Pior$83.2->82.9 ** $45.4 WYNN MACAU (01128.HK) 6/24/2014 Buy: Prior $44.9->44.6 ** $38.8 MGM CHINA (02282.HK) 6/22014 Buy: Prior $39.6->39.2 ** $25 SJM HOLDINGS (00880.HK) 6/24/2014 NOT rated a Buy: +0.350 (1.528%) Short selling $5.52M; Ratio 7.763% / Underperform / $25.6->24.8 Again no mention of MPEL? Summary of ** Deutsch Bank ** Karen Tangs latest target prices for Macau Gaming Stocks : 6/30/2014 $70 SANDS CHINA LTD (01928.HK) +0.900 (1.561%) Short selling $211.32M; Ratio 19.037% / Buy $80 GALAXY ENT (00027.HK) +2.150 (3.592%) Short selling $158.67M; Ratio 9.765% / Buy $33 MGM CHINA (02282.HK) +1.000 (3.861%) Short selling $44.75M; Ratio 11.996% / Buy TOP PICK$23 SJM HOLDINGS (00880.HK) -0.120 (0.614%) Short selling $9.13M; Ratio 2.986% / Hold $34 WYNN MACAU (01128.HK) +0.550 (1.843%) Short selling $54.61M; Ratio 20.136% / Hold www.aastocks.com/EN/News/HK6/NOW.612643.html |
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Post by mrtaxx on Jul 18, 2014 9:42:40 GMT -5
Summary of Analyst Changes after Q2 2014 ER updated 7/18/2014
Analyst PT changes for Sands China
3 analyst PT downgrades
DBS Vickers looks like a new Analysts to Sands China
$78 Citi 7/18/2014 TOP PICK, BUY: Prior $80 7/11/2014 TOP PICK. BUY: Prior $82 CITI 6/11/2014
$72.5: Credit Suisse 7/18/2014 Outperform: Prior $75 7/2/2014, Prior $79.10, 6/1/2014 Outperform
$68.9: DBS Vickers 7/17/2014
$67: Nomura 7/18/2014 Prior PT $70 Buy: 6/18/2014, analysts Louise Cheung and Harry Curtis: prior PT $75 Buy
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Post by flyinggoos on Jul 18, 2014 14:32:10 GMT -5
thanks for sharing taxx, but I wonder what the p/ts will be when it is announced that gambling is legalized/approved in Japan this fall and let's anticipate a little further and LVS is first in line for Tokyo to build their I/R casino.........112...........and I think that is conservative. look forward to the future my friend. goos.
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Post by mrtaxx on Aug 8, 2014 10:28:46 GMT -5
Citigroup's Ratings/Target for sands Macau Casino, HUIGE Price Drop in this report: 2014/08/08 11:00
Stock / Investment Rating / Target Price (HK$)
$62: SANDS CHINA LTD (01928.HK) -0.300 (-0.573%) Short selling $150.77M; Ratio 12.570% / Buy / 78->62
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Post by mrtaxx on Aug 22, 2014 5:59:25 GMT -5
Deutsch Bank cuts China to Hold And cuts PT't on Casinos: Deutsche Bank, in its latest research report, said four negatives emerged in the 1H for the Macau gaming sector, namely decline in mass table earnings, rising labor costs, high comparison base, and delays in project opening. Therefore, the sector saw the first decline in EBITDA margin since mid-2011. The Bank lowered the 2014 EBITDA forecast for the gaming industry by 2% -11%, with target prices cut by 2%-17%. The Bank prioritizes the gaming stocks in the following order: 1. GALAXY ENT (00027.HK) -0.150 (-0.244%) Short selling $77.60M; Ratio 24.561% , rated Buy, with target price cut from $80 to $74. 2. MGM CHINA (02282.HK) +0.250 (+0.926%) Short selling $28.20M; Ratio 20.843% , rated Buy, with target price cut from $32 to $31. 3. SANDS CHINA LTD (01928.HK) -0.250 (-0.469%) Short selling $73.03M; Ratio 19.704% , downgraded from Buy to Hold, with target price cut from $66 to $55. 4. SJM HOLDINGS (00880.HK) -0.050 (-0.249%) Short selling $12.10M; Ratio 14.282% , rated Hold, with target price cut from $21.5 to $21. 5. WYNN MACAU (01128.HK) -1.150 (-3.594%) Short selling $134.76M; Ratio 40.970% , downgraded from Hold to Sell, with target price cut from $33 to $28. (Quote is delayed for at least 15 mins.Short Selling Data as at 2014-08-22 16:25.) www.aastocks.com/en/stocks/news/aafn-news/NOW.623364/1 |
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Post by mrtaxx on Sept 3, 2014 5:34:35 GMT -5
UBS: More downgrades expected on Macau gaming stocks: 2014/09/03 10:11
UBS kept a Buy on Sands. China, WYNN is the only stock they raised the PT on
UBS said in its latest research report that the revenue trend of Macau Gaming continued to be disappointing and believed the market will cut further the estimate. Given a tougher base effect on Q4, near-term headline growth will remain difficult. However, UBS thought some stocks possess attractive medium-term value, and it preferred MGM CHINA (02282.HK) +0.200 (+0.808%) Short selling $8.85M; Ratio 9.411% , which offers a better discount than its peers. While near the end of the year, the market will see two casino openings as positives.
As regards UBS's Macau sector PT valuations:
SANDS CHINA LTD (01928.HK) -0.350 (-0.717%) Short selling $101.99M; Ratio 7.762% 's target price was down from $64.1 to $60.6, rated Buy;
MGM CHINA's target price was cut from $32.4 to $31.4, rated Buy;
SJM HOLDINGS (00880.HK) -0.040 (-0.211%) Short selling $43.18M; Ratio 35.431% was trimmed from $24.7 to $22.3, rated Buy.
GALAXY ENT (00027.HK) +0.250 (+0.438%) Short selling $208.79M; Ratio 24.994% 's target price was lowered from $64.6 to $63, rated Neutral, while
WYNN MACAU (01128.HK) -0.400 (-1.379%) Short selling $60.91M; Ratio 23.354% 's target price was raised from $30.8 to $31, rated Neutral.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2014-09-03 16:25.)
** A summary of all Sands PT's is the 1st posting in this section
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Post by mrtaxx on Sept 4, 2014 9:12:29 GMT -5
HSBC reduceds PT's of Macau stocks substantially as compared to other analysts 9/4/2014, keeps them all at Overweight.
HSBC was selectively bullish about the casino stocks, and its top picks were MGM CHINA, SANDS CHINA LTD and MELCO CROWN
According to the latest research report by HSBC, the followings are the latest ratings and target prices of casino stocks:
Stock Name / Rating / Target price (HK$)
GALAXY ENT (00027.HK) +0.150 (+0.262%) Short selling $111.22M; Ratio 18.337% : Overweight; $67 (down from $72)
MELCO INT'L DEV (00200.HK) +0.140 (+0.719%) Short selling $12.85M; Ratio 8.630% : Overweight; $25 (down from $37.3)
MGM CHINA (02282.HK) +0.150 (+0.601%) Short selling $12.57M; Ratio 12.173% : Overweight; $33.7 (down from $39.5)
SANDS CHINA LTD (01928.HK) +0.250 (+0.516%) Short selling $14.50M; Ratio 1.573% : Overweight; $59.2 (down from $70.7)
SJM HOLDINGS (00880.HK) +0.120 (+0.633%) Short selling $59.00M; Ratio 53.927% : Overweight; $22.1 (down from $26.4)
WYNN MACAU (01128.HK) -0.100 (-0.350%) Short selling $105.76M; Ratio 41.882% : Overweight; $33.6 (down from $39.7)
According to the latest research report by HSBC, the mass gaming business of casinos in Macau had grown 17% yearly in July, yet the growth rate was 27% in June. The bank believed the slower growth was attributable to the anti-corruption campaign, thus the scenario is unlikely to further deteriorate.
The bank trimmed the 2014 and 2015 industrial growth estimates to 3% and 6% respectively.
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Post by mrtaxx on Sept 10, 2014 5:55:52 GMT -5
Summary of Standard Chartered's latest reduced investment ratings and target prices fro Casinos: 2014/09/10 11:49
Stock / Investment Rating / Target Price (HK$)
SANDS CHINA LTD (01928.HK) In Line / 69->58.3 (SCL had the largest Point PT Drop). , it is still bullish toward SANDS CHINA LTD
GALAXY ENT (00027.HK) in line/ 74.6->62.7
MGM CHINA (02282.HK) Outperform / 38->34.8
SJM HOLDINGS (00880.HK) Outperform / 25.7->25.1
WYNN MACAU (01128.HK) Underperfform / In Line / 33.95->32.45
Standard Chartered, in it latest research report, said based on the expectation that Macau VIP gaming business will shrink 13% yearly, while mass market will grow 14%, the full-year gaming revenue forecast is cut by 6% to reflect the recent weakening business. The 2014 gaming revenue growth is expected to be 4%.
The Bank holds a prudent attitude toward the new projects in Cotai, and cut the target price of gaming stocks by an average 12%. However,
it is still bullish toward SANDS CHINA LTD (01928.HK) -1.100 (-2.299%) Short selling $103.35M; Ratio 10.033% , with potential return of 25%.
Meanwhile, on expectation for higher EPS, MGM CHINA (02282.HK) -0.600 (-2.424%) Short selling $41.71M; Ratio 17.529%
and SJM HOLDINGS (00880.HK) -0.640 (-3.412%) Short selling $60.47M; Ratio 19.635% are rated Outperform.
GALAXY ENT (00027.HK) -1.550 (-2.768%) Short selling $194.90M; Ratio 18.019% is downgraded from In Line to Underperform, with target price cut from $74.6 to $62.7. (Quote is delayed for at least 15 mins.Short Selling Data as at 2014-09-10 16:25.)
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Post by mrtaxx on Sept 16, 2014 23:10:00 GMT -5
BofA ML cuts Macau 2014 gaming revenue forecast to zero growth: 9/17/2014 Bank of America Merrill Lynch, in the latest research report, slashed its 2014 forecast for Macau's gaming revenue growth from 5.6% to 0.3% as the smaller junkets are still facing difficulties in accessing capital and the impacts arising from anti-corruption. The VIP revenue performance is expected to be disappointing. The Bank believed even though the above factors have limited negative effect on the long term structural demand, it takes time to change the conditions. The 2014 forecast for VIP growth was cut further to -10.1% from -3.2%, and 2H2014 forecast to -23% from -9%. Bof AML offered a positive long-term outlook on Macau gaming stocks as the sector has become very attractive in terms of cash flow and dividend yield. The pecking order is: GALAXY ENT (00027.HK) -1.100 (-2.174%) Short selling $161.41M; Ratio 21.940% , SANDS CHINA LTD (01928.HK) -1.600 (-3.620%) Short selling $137.08M; Ratio 11.447% , WYNN MACAU (01128.HK) -0.600 (-2.367%) Short selling $61.91M; Ratio 34.440% , MPEL, MGM CHINA (02282.HK) -1.150 (-4.957%) Short selling $35.28M; Ratio 36.664% and SJM HOLDINGS (00880.HK) -0.860 (-4.948%) Short selling $27.54M; Ratio 25.373% ; and The target prices are set at $76.5, Galaxy $59.6, Sands China $38.1, WYNN $33.1 Mpel and $22.8, SJM correspondingly. BofA ML remained GALAXY ENT (00027.HK) as the top preference on its high growth thanks to the opening of phase 2 next year, and its outperformed VIP segment. www.aastocks.com/en/stocks/news/aafn-news/NOW.628288/1 |
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Post by mrtaxx on Sept 17, 2014 7:13:46 GMT -5
Credit Suisse Downs Macau, Says “Recovery May Take Time” By Shuli Ren. , September 17, 2014, 2:44 A.M. ET blogs.barrons.com/asiastocks/2014/09/17/credit-suisse-downs-macau-says-recovery-may-take-time/?mod=yahoobarrons&ru=yahooAnalysts race to lower their 2014 revenue growth estimates this week, as this month’s gross gaming revenue from Macau comes out tepid. Credit Suisse analysts Kenneth Fong and Isis Wong “cut [their] revenue forecast for 2014/15 from 5%/11% to 1%/8%, and lower [their] target prices by 10-25% across the sector” today, as Hong Kong listed Macau stocks continue their bloodbath. By mid-day, MGM China (2282.HK), a subsidiary of MGM Resorts (MGM), slumped 5.2%. SJM Holdings (0880.HK) fell 5.6%. Sands China (1928.HK), owned by Las Vegas Sands (LVS), dipped 5.1%. Wynn Macau (1128.HK), part of Wynn Resorts (WYNN), retreated 3.2%. Galaxy Entertainment (0027.HK) was down 2.9%. In particular, Credit Suisse downgraded Galaxy Entertainment and Wynn Macau from Buy to Neutral. ** Sands China’s price target was cut by 13.5% to 57.1 Hong Kong dollars. MGM China was cut to 30 Hong Kong dollars. The question on everyone’s mind is: why is Macau slowing down so quickly? After a fact-finding trip, Credit Suisse concluded no one knew: In the last few weeks, we took time to survey and interview Macau market participants from all walks of life. From front line agents to marketing hosts, from junkets to casino management, no one seemed to have a clear grasp of why we saw a sharp slowdown in mass growth from June into July. But they all sounded cautious about the future. Chinese President Xi Jinping‘s anti-corruption campaign has taken its toll, people say. Now Credit Suisse is worried that “the junkets are increasingly bringing players to other overseas destinations to avoid frequent appearance in Macau in light of the current sensitive political situation. Gaming destinations including Philippines, Australia and Las Vegas had demonstrated strong VIP trend in 2Q14.” Macau, after all, is part of China, and Beijing can track people’s spending there quite easily. Credit Suisse concluded: “We believe that only the anti-corruption efforts could leave a permanent dent on demand in Macau, the rest are only temporary in nature. Gamblers would likely have found alternatives to work around the visa restrictions in a few months’ time and junkets would also have found solutions to replenish their cash. The good news is that it is only a temporary suppression of demand rather than a structural slowdown, but the bad news is that it will take a few months for revenue to recover as players get around the rules and operators find new players to replenish demand.” |
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Post by mrtaxx on Sept 18, 2014 11:18:29 GMT -5
Credit Suisse's latest ratings & target prices for gaming stocks (Table) : 2014/09/18 11:56 www.aastocks.com/en/stocks/news/aafn-news/NOW.628503/1 In a research report, Credit Suisse updated the latest investment ratings and target prices for Macau gaming stocks. Stock / Investment Rating / Target Price (HK$) MGM CHINA (02282.HK) Outperform / $36.8->30 SANDS CHINA LTD (01928.HK) Outperform / $66->57.1 GALAXY ENT (00027.HK) Outperform->Neutral / $73->55 WYNN MACAU (01128.HK) Outperform->Neutral / $35.5->29 SJM HOLDINGS (00880.HK) +0.040 (+0.242%) Short selling $10.76M; Ratio 4.756% / Neutral / $21.6->17.6 MELCO INT'L DEV (00200.HK) Outperform / $25.2->22.8 |
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Post by mrtaxx on Sept 22, 2014 8:48:20 GMT -5
Summary of Deutsche ratings and target prices for Macau gaming stocks, 2014/09/22 11:41 www.aastocks.com/en/stocks/news/aafn-news/NOW.628946/1 In a research report, Deutsche Bank updated the latest investment ratings and target prices for Macau gaming stocks: Name of Company / Investment Rating / Target Price (HK$) SANDS CHINA LTD (01928.HK) HOLD / 55->42 GALAXY ENT (00027.HK) Buy / 74->57 MGM CHINA (02282.HK) Buy / 31->24 SJM HOLDINGS (00880.HK) Hold->Sell / 21->14 WYNN MACAU (01128.HK) SELL / 28->23 |
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Post by mrtaxx on Oct 2, 2014 22:42:45 GMT -5
Summary of Morgan Stanley latest rating/target for Casinos:: 2014/10/03 10:57 www.aastocks.com/en/stocks/news/aafn-news/NOW.630634/1Stock / Investment Rating / Target Price (HK$) SANDS CHINA LTD (01928.HK) Equalweight / 54->44 WYNN MACAU (01128.HK) Underweight->Equalweight / 30->26 GALAXY ENT (00027.HK) Overweight / 70->56 MGM CHINA (02282.HK) Overweight / 31.5->28 SJM HOLDINGS (00880.HK) Equalweight->Underweight / 21.5->15 |
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Post by mrtaxx on Oct 7, 2014 6:31:33 GMT -5
G Sachs: Macau gaming revenue growth may hit bottom in 4Q2014 : 2014/10/07 : They prefer MGM www.aastocks.com/en/stocks/news/aafn-news/NOW.630978/1Goldman Sachs said in the latest research report that Macau's gaming revenue dropped 12% year-on-year to MOP25.6 billion in September, down 6% as compared to a month ago, implying a slight improvement of daily run rate of MOP918 million in the last 9 days of the month. Besides, it believed the recent downside of Macau gaming stock prices is mainly affected by the market sentiment, which relates to cyclical other than structural factors. Assuming that the fundamentals will not be further deteriorated, the gaming revenue growth is likely to reach bottom in 4Q2014. It is expected that the impact of the smoking ban in casinos will be lessened. Thus, investors are advised to buy in the relevant stocks when opportunities arise. The research house added MGM CHINA (02282.HK) -0.200 (-0.853%) Short selling $51.84M; Ratio 24.299% to its conviction buy list, and gave a Buy rating on SANDS CHINA LTD (01928.HK) +0.300 (+0.698%) Short selling $56.73M; Ratio 5.569% and GALAXY ENT (00027.HK) +0.100 (+0.207%) Short selling $217.86M; Ratio 18.960% , with a target price down from $34.9, $64.6, and $68.4 to $33.6, $58.8, and $68.3 respectively. MELCO CROWN (06883.HK) -0.350 (-0.522%) Short selling $80.12K; Ratio 4.605% was rated Buy with a target price lowered from $38.9 to $36.9. SJM HOLDINGS (00880.HK) -0.140 (-0.894%) Short selling $16.31M; Ratio 6.679% and WYNN MACAU (01128.HK) +0.050 (+0.193%) Short selling $69.68M; Ratio 20.872% were rated Neutral, with respective target prices of $21.3 and $32.7. |
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Post by mrtaxx on Oct 14, 2014 10:39:50 GMT -5
Citi cuts gaming stocks average target by 9%; expects zero gaming revenue growth in 2014: 2014/10/14 11:39 Note: Citi dropped all the PT's, except for WYNN, however they rated all the Casinos at a BUY www.aastocks.com/en/stocks/news/aafn-news/NOW.632121/1Stock / Investment Rating / Target Price (HK$) SANDS CHINA LTD (01928.HK) Buy / 62->57 MELCO INT'L DEV (00200.HK) Buy / 27.5->23 GALAXY ENT (00027.HK) Buy / 70.37->60 WYNN MACAU (01128.HK) Buy / 34 MGM CHINA (02282.HK) Buy 33.5->31 SJM HOLDINGS (00880.HK) Buy / 24.5->20.5 MELCO CROWN (06883.HK) Buy / 120->111 www.aastocks.com/en/stocks/news/aafn-news/NOW.632116/1Macau gaming stocks are now trading at 12x EBITDA, and it is believed that the decline in 4Q VIP gaming revenue and the worries over the implementation of the smoking ban have been factored in the share price, Citigroup said in a report. Meanwhile, the gaming revenue for 2014 is expected to record zero growth instead of a 4% growth in previous projection, said the broker. To reflect the latest operating trend, the broker cut the average target price (TP) of gaming stocks by about 9%. Particularly, GALAXY ENT (00027.HK) -0.900 (-1.929%) Short selling $106.29M; Ratio 17.269% 's TP was reduced from $70.37 to $60 with its 2014-16 net profit estimates cut by 5-10%. MELCO CROWN (06883.HK) -2.850 (-4.432%) Short selling $148.65K; Ratio 3.992% 's TP was lowered from $120 to $111, with 2014-16 net profit estimates slashed by 11%-13%. MELCO INT'L DEV (00200.HK) -0.620 (-3.183%) Short selling $22.43M; Ratio 53.220% 's TP was trimmed to $23 from the previous $27.5, and its 2014-16 net profit forecasts were reduced by 11%-14%. MGM CHINA (02282.HK) -0.150 (-0.671%) Short selling $19.22M; Ratio 26.034% 's TP was cut from $33.5 to $31 and 2014-16 net profit forecasts moved down 4%-5%. SANDS CHINA LTD (01928.HK) -0.300 (-0.720%) Short selling $53.07M; Ratio 9.738% 's TP was lowered from $62 to $57, with 2014-16 net profit estimates down 4-9%. SJM HOLDINGS (00880.HK) +0.160 (+1.074%) Short selling $22.45M; Ratio 13.370% TP dropped from $24.5 to $20.5 and its 2014-16 net profit forecasts was slashed by 9%-23%. WYNN MACAU (01128.HK) -0.150 (-0.586%) Short selling $51.64M; Ratio 26.411% 's TP held flat at $34, while its 2014-16 net profit forecasts were adjusted by +2.3%/-6.4%/6% respectively. |
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Post by mrtaxx on Oct 15, 2014 3:38:50 GMT -5
Barclays latest ratings & target prices for Macau gaming stocks: 2014/10/15 11:53 www.aastocks.com/en/stocks/news/aafn-news/NOW.632347/1Stock / Investment Rating / Target Price (HK$) SANDS CHINA LTD (01928.HK) Overweight / 61.5->54.1 GALAXY ENT (00027.HK) Overweight / 71.1->57.6 MGM CHINA (02282.HK) Overweight -> Equalweight / 35.7->24.8 SJM HOLDINGS (00880.HK) Overweight -> Equalweight / 28.05->16.5 WYNN MACAU (01128.HK) Equalweight / 35.04->29.3 |
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