SJMHF News and Press, SJM Holdings Ltd From 05/13/22

Casino stocks led the S&P higher on Friday as news of a potential end to lockdowns in China sent gaming stocks skyward. Per the Associated Press, officials in Shanghai are considering a reopening “in a few days” as case numbers fall. The nation’s most populous city is...

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pr...

Macau casino stocks moved lower after developments in China over the weekend increased concerns that the COVID disruption will extend. Beijing is now a region of increased focus with authorities in the capital sealing off entrancing of public housing blocks and closing off entire streets with...

Casino stocks have enjoyed a solid start to the week, with even China-linked stocks making a slight comeback in the short term. Chinese stocks are attracting increased attention as Shanghai’s strict lockdown appears to be loosening. On April 20, the epicenter of the latest outbreak all...

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zo...

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M) to slightly trail the consensus estimate for a 55% decrease. Ongoing COVID restrictions and concerns held back traffic during the month. Gross gaming revenue was down 54% in March from the level seen in February with the lo...

Macau casino stocks traded higher in Hong Kong on Wednesday after a pledge from China's central bank to keep capital markets stable and stimulate economic growth. A statement also indicated positive progress on the issue of Chinese stocks listed in U.S. markets. That stoked a strong rally in ...

Macau casino stocks fell after the Chinese government placed 17.5M residents in Shenzhen in lockdown for at least a week due to rising COVID cases. That has raised concerns that new COVID restrictions could impact travel to Macau and Hong Kong. "China's COVID outbreak is still largely under c...

Macau gross gaming revenue gained 6.1% in February to 7.76B patacas ($0.96B) to trail the consensus estimate for a 7.0% increase. Ongoing COVID restrictions and a sharp crackdown on two junket operators impacted traffic negatively. Macau GGR is down 8% on a year-over-year basis. Jefferies is ...

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...