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Investors in SJM Holdings (HKG:880) From Five Years Ago Are Still Down 63%, Even After 5.6% Gain This Past Week
Macau Gaming Revenue Jumps 6.6% in October, Beats Estimates
Express News | Macau Says October Gambling Revenue up 6.6 Pct From a Year Earlier to 20.8 Bln Patacas
SJM HOLDINGS: DATE OF BOARD MEETING
SJM Holdings (HKG:880) Could Be At Risk Of Shrinking As A Company
Macquarie: Downgrades Macau third-quarter gambling industry gambling revenue and EBITDA forecasts prefer Galaxy Entertainment.
Macquarie released a report stating that due to reduced overall promotional activities and macroeconomic demand impacts, the third-quarter gambling revenue and gambling industry EBITDA forecasts for Macau have been lowered by 5% and 8% respectively. The bank expects market share for SJM Holdings (00880), Wynn Macau (01128), and Sands China (01928) to increase quarter by quarter in the third quarter, while MGM China (02282), Galaxy Ent (00027), and Melco Resorts and Entertainment (MLCO.US) are expected to experience declines. The bank also indicated that Macau's retail industry will continue to face challenges in the third quarter, but foot traffic and retail sentiment are
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