SJMHF News and Press, SJM Holdings Ltd From 02/14/22

Las Vegas Sands (LVS +5.1%) gained the most of any consumer stock in the S&P 500 Index after the emergency approval of the Pfizer antiviral pill is seen by analysts and investor as an indication that the zero-tolerance COVID policy in China could be lifted after the Olympics. The emergenc...

Macau gross gaming revenue fell 20.9% in January to 6.34B patacas ($785M). Although the GGR tally topped the consensus expectation for a fall of 31%, the rate of growth was far worse than the +1.8% mark recorded in December. The crackdown on Macau junket operators and tighter border restricti...

Macau casino stocks are on watch after a 45-day forum held in Beijing to address regulatory oversight, gambling license limitations and employee welfare issues ended with the issuance of a public consultation comments and a report by the Chinese government on promoting a sustainable and healt...

Macau casino gross gaming revenue was up 0.01% in November on a year-over-year comparison to 6.75B patacas ($834M) vs. +2% consensus estimate. On a sequential basis GGR was up 55% during the month, but was 70% lower than the pre-pandemic level in 2019. Macau GGR is up 49.9% for the first elev...

JPMorgan forecasts 2022 gross gaming revenue in Macau will be just over 50% of the pre-pandemic level seen in 2019 off a 70% recovery in mass and a 24% recovery in VIP. That is a slight lift to the previous outlook. Jefferies is also incrementally positive on the Macau outlook. Analyst David ...

The chief executive of Macau provided no new information on the gaming license rebid process in a policy address at the Legislative Assembly, according to a UBS analyst. The Macau head said that the license process is on a "healthy direction, and not meant to make life difficult for the opera...

Macau casino gross gaming revenue fell by 40.0% in October on a year-over-year comparison to 4.37B patacas ($545M) vs. -42% consensus estimate. On a sequential basis GGR was down 25.8% during the month. A new COVID-19 alert at the beginning of the month impacted tourism negatively during what...

Today is a key date for the Macau sector with a couple of incremental steps taking place in the slow return to normal tourism, updates Jefferies analyst David Katz. Several entertainment venues are reopening after being closed since October 6 and Zhuhai will relax its policy to requiring a ne...

The Macau casino sector continues to slump as COVID restrictions hold back traffic. The first two days of the Golden Week holiday saw just 3,122 visitors, which is significantly lower than the 22,116 who arrived for the same period last year and is less than 1% of the 2019 traffic level, acco...

Jefferies warns on more troubles for the Macau sector in the near term as COVID restrictions remain ahead of a key holiday period. Analyst David Katz and team believe the upcoming Golden Week holidays is likely to disappoint similar to the Chinese New Year due to the potential for new travel ...