SJMHY News and Press, SJM Holdings Ltd ADR From 05/10/21

Macau gross gaming revenue rebounded to its highest post-COVID level during the region's Labor Week. JPMorgan says the revenue tally reflects a strong rebound in the premium-mass segment and extended length-of-stay, while Bernstein analysts say they expected a more robust GGR uplift to begin ...

UBS doesn't think the same government calls will be made for people not to travel to Macau for the May Day Golden Week period as were made in February for the Chinese New Year holiday. The firm bases its conviction off a conversation with a local official."We are now at a similar timeframe be...

Bank of America says Guangzhou traffic levels were down -12% Y/Y from normal for the week ending March 13 to mark the best week this year and indicate a sharp recovery from the 2021 average traffic drop of -26%. "China RevPAR was -30% vs. 2019, above the four-week rolling average of -40%. In ...

The top tourism exec in Macau thinks the gambling region could welcome 6M to 10M visitors in 2021 in just a partial recovery from the 39.4M tourists tallied in 2019 and 35.8M visitors in 2018.During the crucial Chinese New Year period that runs until February 17, Mainland China is the only lo...

Gross gaming revenue in Macau fell 63.7% Y/Y in January to 8.02B patacas ($1.0B), but showed sequential improvement from the mark in December and topped the consensus expectation from analysts for a drop of 67%. Visitation bottlenecks due to visa processing and COVID-test requirement slowed d...

Bank of American weighs in on the 66% drop in Macau gross gaming revenue for December. "The MoM growth was partly helped by the Christmas holiday season. Macau government has imposed stricter quarantine rules on Dec 21, requiring people arriving Macau from locations except mainland China and ...

Gross gaming revenue in Macau fell 65.8% in December to 7.83B patacas ($980M) as the slow pace of recovery continued with more Mainland visitors trekking to the reawakening gambling mecca. Some late month strength was noted as visitation to Macau averaged 24,503 per day for December 23-27, wh...

CFRA turns incrementally more positive on the Macau sector on early signs that it is gradually rebounding. Analyst Aaron Ho notes the domestic tourism market in China is gaining traction after the effective containment of COVID-19 has given consumers the confidence to return to leisure activi...

Another tough month is in the books for the Macau sector as gross gaming revenue fell 70.5% in November to 6.75B patacas, according to the Gaming Inspection and Coordination Bureau. The consensus estimate was for a drop of 69.8%. On a sequential basis, GGR was down 7.2% from October. Gross ga...

Some good news arrives out of Macau for a change, with the airport likely to handle 33% more daily flights in November than it did in October, according to GGRAsia. Most of the increase is reported by Macau International Airport Co. to be for flights serving mainland China cities. Notably, th...