ceo says ALL product lines (housing/building, road building, mining, industrial) are booming in China. Outstanding news for china and consistent with iron ore prices rising of late. "The need for infrastructure is great."
Ahem... looks like maybe the sky is not falling, financing is available, etc. LOL
Add SBUX (opening 950 stores in china, more than any other country and bumping guidance for the CAP region) Ford and GM to the list incl CAT, LVS, AAPL, YUM and others beating guidance and raising on business in China.
All of these companies have "beaten and raised" guidance for CY14 for sales in China during CY 2014.
China's sky is clearly not falling. LOL
Schultz, ceo of sbux, called China their biggest growth market for the foreseeable future... and that is against 900 new store openings in the U.S. this year and half that in ROW excl China.
question for you squeeze. I've been in & playing lvs for 5 yrs but now think Sands China is the way to play lvs, it's a pure Macau play. Can we play Sands China through our accounts here, I've never thought of it before. I know it's 1928HK but what is it here ???? tks
Wrapping up the LVS news last night, Macau is all about bright green lights. Apart from eliminating marginal tour operators and table play notable in their Singapore results (lower VIP but improved holds to show for the culling) their overall holds are also improved and their premium mass and mass play are driving excellent results in Macau (keys for MPEL as those doing work here know) -- not just in GGR and win rates, but improved occupancy, ADR, retail and F&B at every property.
Shel was actually hilarious when one analyst asked if they thought GGR growth was going to slow in Macau and gave the 2000 year history of Asians testing their luck gaming. APPL's data set on China iphone sales was also confirming that the China economy is going strong. Their iphone sales were a huge surprise for the street; some 10m iphone activations on CM in less than 3 months helped them mash even the high end of estimates, and the execs were very upbeat about China and Asian markets outlook. Combined with the very telling CAT news, iron ore lift and now many other companies sharing their data on china, the sky is clearly not falling. Great news for MPEL shares into their CC on May 8 and as 2014 rolls on.
We don't need this character reading todays news to us here. Industrial equipment sales have no
relationship to disposable income for gaming; even VIP room traffic is down 30% in some casinos. The manufacturing sector is not doing so hot in China the past six months. Some factories closing. Toyota is threatening to cut back in China because of politics over the disputed islands. Japan is a hell of a lot bigger in China than Cat. I could go on, but why argue with someone who reads the news to us here and who's head has been 'squeezed'....lol.