00880 SJM HOLDINGS
- 2.380
- -0.060-2.46%
SJM HOLDINGS News
SJM's Losses Shrink in H1 as Revenue Surges 47%
SJM Holdings Board Didn't Declare 1H Interim Dividend >0880.HK
SJM Holdings: Increase in Rev Mainly Driven by Gaming Rev >0880.HK
[Hong Kong Stock Connect] sjm holdings (00880) narrowed its mid-term loss by 87.15% year-on-year to 0.162 billion Hong Kong dollars and did not declare a dividend.
Jingwu Financial News | SJM Holdings (00880) announced that for the 6-month interim period ending June 30, 2024, the shareholder's attributable loss was 0.162 billion yuan (HKD, same below), a decrease of 87.15% year-on-year; adjusted EBITDA recorded 1.734 billion yuan, a growth of 275.9% year-on-year; basic loss per share was 2.3 cents. No interim dividend will be distributed. During the period, the group's net income was 13.801 billion yuan, a year-on-year increase of 47.4%, and the gambling net income recorded 12.897 billion yuan, a year-on-year increase of 48.32%. The affiliated company, SJM Integrated Resort Co., Ltd., recorded a net gambling income of 128 billion yuan.
sjm holdings (00880) announced its interim results, with a shareholder's net loss of 0.162 billion HKD, a year-on-year narrowing of 87.18%.
SJM Holdings (00880) released its performance for the six months ended June 30, 2024, achieving a total net profit during the period...
Sjm Holdings (00880.HK): Adjusted EBITDA for the first half of the year was 1.734 billion Hong Kong dollars.
On August 27th, SJM Holdings (00880.HK) announced that the group's total net income for the six months ending June 30, 2024 was HK$13.801 billion, a year-on-year increase of 47.4%; gambling net income was HK$12.897 billion, a year-on-year increase of 48.3%; adjusted EBITDA was HK$1.734 billion, a year-on-year increase of 275.9%; the company's shareholders had a loss of HK$0.162 billion, compared to a loss of HK$1.264 billion in the same period last year; basic loss per share was 2.3 Hong Kong cents. The company's subsidiary, the Integrated Resort Company Limited ("Aoyu"),...
Express News | SJM Holdings H1 Revenue HKD 13,801 Million
Express News | SJM Holdings - Hy Loss Attributable HK$162 Mln
Express News | SJM Holdings H1 Adjusted Ebitda HKD 1,734 Million
SJM HOLDINGS: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
SJM Holdings Schedules Key Mid-Year Financial Meeting
SJM Holdings (00880.HK) plans to hold a board of directors meeting on August 27 to approve its interim performance.
SJM Holdings (00880.HK) announced on August 15 that the board of directors meeting will be held on Tuesday, August 27, 2024, to approve the unaudited interim performance of the company and its subsidiaries for the six months ended June 30, 2024, as well as to consider declaring interim dividends (if any).
SJM HOLDINGS: DATE OF BOARD MEETING
Macau casino stocks collectively fell, with Galaxy Entertainment (00027) down 3.66%. Macau gambling revenue in July was lower than market expectations.
Jingu Finance News | Macau casino stocks fell collectively, Galaxy Ent (00027) fell 3.66%, MGM China (02282) fell 3.54%, Wynn Macau (01128) fell 2.9%, Sands China (01928) fell 2.68%, Melco Int'l Dev (00200) fell 1.75%, and SJM Holdings (00880) fell 1.61%. The Gaming Inspection and Coordination Bureau of Macau released the casino revenue for July on Thursday noon, which was MOP 18.6 billion, a year-on-year increase of 11.6%, lower than market expectations. Daiwa also pointed out that the casino revenue in Macau in July was slightly inferior, and the casino revenue in August is expected to be MOP 18.8 billion.
Express News | Macau Says July Gambling Revenue up 11.6 Pct From a Year Earlier to 18.6 Bln Patacas
Soochow Securities (Hong Kong): The market is concerned about changes in market share in the gambling market in the second quarter, bullish on Galaxy Ent (00027), Sands China (01928), etc.
Soochow Securities (Hong Kong) is bullish on Sands China's (01928) performance and expects a turnaround in the third quarter.
Zhongjin: Expected to see a 17% year-on-year increase in total gambling revenue in Macau this quarter, and MGM China remains the preferred choice.
According to a research report released by CICC, the total gaming revenue of the Macau gaming industry in the third quarter is expected to increase 2% quarterly and 17% year-on-year. The full-year industry EBITDA forecast was lowered by 3%, and the industry EBITDA forecast for next year was raised by 1%. It is expected to return to 90% and 106% of 2019 levels, respectively. The target price for Sands China (01928) was lowered from 32 yuan to 26.8 yuan, based on the Londoner Phase II renovation project or impact on profits. The “outperforming industry” rating for MGM China (02282) was reaffirmed. The latest rankings were MGM China, Galaxy Entertainment (00027), and Melco Entertainment (
Morgan Stanley: Gambling revenue in the second week of July in Macau improved by 15% weekly, with MGM China as the first choice.
According to a research report released by Morgan Stanley, the preference order for Macau casino stocks remains unchanged, with MGM China (02282), Wynn Macau (01128), Sands China (01928), Galaxy Entertainment (00027), SJM Holdings (00880), and Melco Resorts and Entertainment (MLCO.US). The bank pointed out that the casino revenue for the first 14 days of July in Macau was 8.3 billion Macau Patacas (MOP) or 0.593 billion MOP per day. The average daily casino revenue in the second week increased by 15% to 0.635 billion MOP per day due to the gradually increasing summer holiday demand. The bank also mentioned that the European Cup had an impact on Macau in a week of Hong Kong time.
Shareholders in SJM Holdings (HKG:880) Have Lost 70%, as Stock Drops 3.8% This Past Week
Macao's June Gross Gaming Revenue Lower Than Expected, Macquarie Says
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