|Bid||36.200 x 0|
|Ask||36.250 x 0|
|Day's Range||36.050 - 36.750|
|52 Week Range||32.800 - 45.450|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||18.47|
|Earnings Date||Feb 21, 2020|
|Forward Dividend & Yield||1.99 (5.39%)|
|Ex-Dividend Date||Feb 03, 2020|
|1y Target Est||5.40|
HONG KONG/MACAU Feb 19 (Reuters) - Casinos in Macau, the world's biggest gambling hub, reopen on Thursday after being closed for two weeks because of the coronavirus epidemic, but all punters and croupiers will have to wear a mask at the tables. Casino executives and residents say revenue will remain badly crimped in the Chinese territory's 41 casinos and the businesses dependent on them because of the health restrictions and strict entry regulations on tourists. Macau makes over 80 percent of its revenues from casinos but tourist visits have all but dried up.
SHANGHAI/SINGAPORE, Feb 18 (Reuters) - Hong Kong stocks fell on Tuesday as Apple Inc's revenue warning due to slow production and weaker demand in virus-hit China took a toll on technology stocks. ** At the close of trade, the Hang Seng index was down 429.40 points, or 1.5%, at 27,530.20. The Hang Seng China Enterprises index fell 1.4% to 10,805.15.
(Bloomberg) -- A case study of a patient who died from the new coronavirus shows similarities with two prior deadly coronavirus outbreaks. Apple Inc. said it would miss its quarterly revenue target because of the virus.The U.S. evacuated citizens from the Diamond Princess cruise liner, including 14 who tested positive for the virus, and will quarantine more than 300 passengers. The U.S. is still figuring out what to do with American passengers on another cruise ship who disembarked in Cambodia, including one who tested positive.Beijing may delay a high-profile political meeting for the first time in decades because of the coronavirus outbreak that has infected more than 71,000 and killed 1,775 globally. Key DevelopmentsChina death toll 1,770, up 105; mainland cases rise to 70,548Hubei adds 1,933 new cases, up from 1,843 a day earlierFour missed chances for China to contain outbreakFears of global contagion as 3,000 cruise passengers go homeClick VRUS on the terminal for news and data on the novel coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.Apple to Miss Guidance Because of Virus (4:15 p.m. NY)Apple Inc. doesn’t expect to meet its revenue guidance for the quarter ending in March due to work slowdowns from the outbreak of coronavirus in China. The company said it anticipates global supply of the iPhone to be “temporarily constrained.”Read the full story here.Japan Cruisers Quarantined; Westerdam Passengers Loose (3:19 p.m. NY)More than 300 U.S. citizens evacuated from the Diamond Princess cruise ship in Japan have returned home to begin a 14-day quarantine on military bases and for treatment in hospitals.The repatriation ends a dramatic episode on the virus-struck ship, but came with a fresh complication: As the U.S. cruise passengers were on a bus heading for Tokyo’s Haneda Airport, Japanese test results showed that 14 had the virus. And a positive test from another cruise ship that disembarked passengers in Cambodia has raised concerns about further spread of the virus around the globe.Of the Japan evacuees, 171 will be held at Travis Air Force Base between San Francisco and Sacramento, with six people sent to a local hospital for treatment, said William Walters, a senior official with the State Department‘s Bureau of Medical Services.A further 144 passengers evacuated on a separate flight will be housed at Lackland Air Force Base near San Antonio, Texas. Seven people on that flight were flown on to Omaha for treatment at the University of Nebraska.The newly diagnoses cases involved people who did not show any symptoms of the coronavirus but were diagnosed by Japanese lab tests, Walters said.The fate of hundreds of Americans coming off another cruise ship now docked in Cambodia is less clear. One of the passengers, an 83-year-old woman, was diagnosed with the virus while passing through Malaysia, and is being held in isolation there. Roughly 300 U.S. citizens who were on the Westerdam have left Cambodia, according to the State Department. But 92 remain on the ship and a further 260 are staying in hotels in Phnom Penh, the Cambodian capital.Walter said the U.S. government was tracking those citizens but had not yet made a decision on whether to send special flights to bring them home. Health officials across the world have said that catching and isolating cases of the virus before it spreads is crucial to stopping it.Damage Cause by Virus Resembles SARS, MERS (2 p.m. NY)Doctors studying a 50-year-old man who died in China last month from the new coronavirus found that the disease caused lung damage reminiscent of two prior coronavirus-related outbreaks, SARS and MERS.Read the full story here.Cruise Travel Risks Remain ‘Manageable’ Despite Virus, WHO Says: (12 p.m. NY)Cruise ship travel remains a “manageable risk” for now, and it doesn’t make sense to recommend a ban on it, the World Health Organization said, even as the return home of 3,000 travelers from two coronavirus-stricken cruise ships fuels fears of further contagion.“People say we should steer clear of cruise ships, or steer clear of airports or steer clear of certain ethnic groups,” Mike Ryan, executive director of the WHO’s Health Emergencies Program, said at a press briefing Monday at the organization’s Geneva headquarters. “We have to be really careful” of such suggestions. “We need an approach to managing risk that allows us to continue to operate as a society.”Hong Kong Virus Stress Worsens With Maids, Nannies Stuck Abroad: (11:05 a.m. NY)The Philippine ban on travel to Hong Kong is taking its toll on migrant workers, mostly women, who are part of Hong Kong’s domestic labor force. In a survey of more than 900 Filipina domestic workers in Hong Kong by placement agency HelperChoice, almost half said they were affected by the travel ban or knew someone who was.Virus Outbreak Boosts Tissue Paper Prospects in China (10:30 a.m. NY)As the outbreak ripples through China’s economy, one industry seems to be thriving. Shares of tissue paper maker Vinda International Holdings have surged 40% this year even as the main Hong Kong index is little changed. The rally may have legs. Top pulp exporter Suzano SA expects growth in China’s tissue market to accelerate amid shifts in hygiene habits.El Al CEO Sees Hard Days Ahead for Israeli Airline: (9 a.m. NY)El Al Israel Airlines is facing difficulties because of the spread of the coronavirus and may be forced to make some “painful decisions,” CEO Gonen Usishkin said in a letter to staff, without specifying what that may entail.A decision by Israel’s Health Ministry on Sunday to send travelers returning from Thailand into home quarantine for 14 days has cut demand for this destination, and the company is allowing customers to change or cancel tickets, the CEO said. Last week, the carrier suspended flights to Hong Kong until March 20 and flights to Beijing until April 24.Slump in Global Goods Trade Likely to Deepen: WTO (7:30 a.m. NY)The already slumping state of global goods trade may get even worse with coronavirus, the World Trade Organization warned.The Geneva-based body said its merchandise trade barometer fell to 95.5 from 96.6 in November. That’s before factoring in the effects of China’s health crisis on international commerce.“The slow start could be dampened further by global health threats and other recent developments in the first few months of the year,” the WTO said. In the months ahead, “every component of the Goods Trade Barometer will be influenced by the economic impact of COVID-19 and the effectiveness of efforts to treat and contain the disease.”China Sees Positive Trend in Coronavirus Epidemic: CCTV (7 a.m. NY)China’s anti-virus efforts have led to a positive trend for the epidemic nationwide, according to China Central Television, which cited Premier Li Keqiang’s comments at a meeting. The spread of coronavirus has weakened, and China has avoided a wider outbreak through all-out control, Li was quoted as saying.Top policymakers are seeking to balance the anti-virus fight with shoring up the economy, which has been running at just 40% to 50% capacity in the last week, according to Bloomberg Intelligence.Bundesbank Warns of Hit to German Exporters (6 a.m. NY)The central bank called the outbreak a “cyclical downside risk” and said a temporary decline in overall Chinese demand could damp German export activity. “Moreover, some global value chains could be impaired by security measures put in place,” the Bundesbank said in a report.Outside the European Union, China is second only to the U.S. in importance to German companies, with close to $108 billion of sales a year. The European Commission last week called the epidemic a “key downside risk” to its forecasts, while European Central Bank Chief Economist Philip Lane said the region’s economy could experience a “pretty serious short-term hit.”China’s Economy Seen Growing Slowest Since 1990 (6:52 p.m. HK)The coronavirus outbreak and China’s efforts to stop the spread mean the economy will grow slower this quarter than first thought -- the median forecast now is for growth to be the slowest in 30 years.China’s gross domestic product will grow 4% in the first quarter, according to the median of 18 forecasts since Jan. 31. That’s down from 5.9% in the last survey on Jan. 22 and the lowest level since 1990.Chinese City to Start Subsidizing Car Purchases (5:57 p.m. HK)The southern Chinese city of Foshan will start providing rebates for car purchases starting March 1. Consumers who trade in old models will be entitled to 3,000 yuan ($430) of subsidies while buyers who opt for new cars are entitled to 2,000 yuan per vehicle.President Xi Jinping has urged local governments to help boost auto sales, according to a speech by him carried on Qiushi Journal, the Communist Party’s top publication on Saturday.Singapore Issues Stricter Rules for China Returnees (5:34 p.m. HK)Singapore residents or long-term pass holders returning from mainland China must stay in their homes at all times for 14 days and closely monitor their own health, under stricter guidelines issued today.Macau Casinos Allowed to Reopen (5:30 p.m. HK)Casinos in the world’s biggest gambling hub will be able to resume operations on Thursday, following an unprecedented closure for 15 days to curb the spread of the coronavirus. Lei Wai Nong, secretary for economy and finance in the Chinese territory of Macau, said casinos can reopen Feb. 20, though it will be conditional based on criteria that he didn’t specify.Macau closed casinos for a 15-day period that began Feb. 5, in the longest shutdown ever for the world’s biggest gambling hub. MGM said it’s losing $1.5 million a day in Macau, while Wynn Resorts Ltd. said it is losing about $2.5 million a day.Earlier, Sands China President Wilfred Wong told Cable TV he expects few customers when casinos first re-open, and believes it will take two-to-three months before business can return to normal.China May Delay Annual CPPCC Meeting: CCTV (5:09 p.m. HK)Beijing is studying a proposal to delay the annual session of the Chinese People’s Political Consultative Conference, the nation’s political advisory body, state-run China Central Television reported.This follows an official Xinhua report that said China is considering delaying the annual session of the National People’s Congress, its most high-profile annual political meeting, for the first time in decades. The two meetings were originally scheduled to start early March.Japan Says 99 New Infections From Cruise Ship (5:05 p.m. HK)Japan said 99 more people from the Diamond Princess cruise tested positive for the new coronavirus, bringing the total number of infections to 454.A pair of aircraft chartered by the U.S. State Department took off early Monday to bring home Americans from the ship. Australia and Hong Kong will also use chartered flights to evacuate citizens and permanent residents who have been stranded on the ship.Cathay Pacific Warns on Results (4:45 p.m. HK)First-half financial results will be “significantly down” from a year earlier, Cathay Chief Customer and Commercial Officer Ronald Lam said in a statement. Cathay is particularly exposed to the virus because sales from Hong Kong and China account for about half of its total revenue.Separately, China’s three largest airlines reported declines in January passenger traffic because of the coronavirus outbreak, with the shortfalls likely to deepen this month as the epidemic continues to disrupt travel for millions of people. Airlines began suspending flights from about Jan. 23 after the government began locking down Wuhan and other Chinese cities.U.S. Factories in China Don’t Have Enough Staff (3:57 p.m. HK)Most U.S. factories in China’s manufacturing hub around Shanghai will be back at work this week, but the “severe” shortage of workers due to the coronavirus will hit production and global supply chains, according to the American Chamber of Commerce in Shanghai.While about 90% of the 109 U.S. manufacturers in the Yangtze River delta expect to resume production this week, 78% of them said they don’t have sufficient staff to run at full speed, according to a survey by AmCham.Beijing Auto Show Delayed (3:48 p.m. HK)China’s annual auto show, scheduled to be held in Beijing in April, will be pushed back because of the coronavirus outbreak. The new dates will be announced later, the organizer said in a statement on Monday.Taiwan Scours Taxi Driver’s Data to Trace Virus Path (12:44 p.m. HK)Health authorities in Taiwan are scouring travel histories, phone records and security camera footage in an effort to map out everyone who came into contact with a taxi driver who became Taiwan’s first confirmed death from the coronavirus.The victim, a man in his 60s from central Taiwan who died Saturday, had not recently traveled overseas and had no recorded contact with any of the 19 other people diagnosed with the coronavirus in Taiwan, according to a statement from Taiwan’s Centers for Disease Control.Singapore, Thailand Cuts Growth Outlooks (12:32 p.m. HK)Singapore and Thailand downgraded their forecasts for economic growth this year as the coronavirus outbreak hits tourism and trade.Singapore’s Ministry of Trade & Industry projected growth in a range of -0.5% to 1.5% in 2020, compared with a previous estimate of 0.5% to 2.5%. The city state, which has more than 70 cases of virus infections, is losing as many as 20,000 tourists a day amid travel curbs.Growth in Thailand is seen in a range of 1.5%-2.5% this year, down from a previous projection of 2.7%-3.7%, the National Economic and Social Development Council said.Bridgewater, Dalio Donate $10 Million for Virus Fight (12:27 p.m. HK)Billionaire Ray Dalio’s family charity and his hedge fund Bridgewater Associates LP are donating $10 million to help support China’s coronavirus relief efforts. The money will go to Peking University First Hospital, Union Hospital for Clinical Care and three medical teams led by academics in Wuhan, the world’s largest hedge fund said in an emailed statement Monday.Nintendo Is Likely to Suffer Global Switch Shortages (12:21 p.m. HK)Nintendo Co. is likely to struggle to supply sufficient Switch consoles to its U.S. and European markets as soon as April due to a production bottleneck caused by the coronavirus outbreak, according to people with knowledge of the company’s supply chain.China Stocks Rebound From Sell-off (10:13 a.m. HK)China’s stock benchmark recouped all its losses from a record $720 billion sell-off earlier this month, a sign that investor confidence is improving after policy makers acted to ease the economic fallout from the coronavirus outbreak.China’s government has pumped cash into the financial system, trimmed money-market rates and offered targeted tax cuts. Beijing will also allow local governments to sell another 848 billion yuan ($121 billion) of debt before March, as authorities seek to offset the economic shock of the coronavirus.Coronavirus Cases Top 70,000 (9:13 a.m. HK)China reported 2,048 additional coronavirus cases by the end of Feb. 16, bringing the total case count to 70,548, according to a statement from National Health Commission.China’s Hubei province reported 1,933 additional confirmed cases. While that’s slightly higher than a day earlier, it’s in line with a lower trend over the past several days. The province announced a stunning 15,000 new cases on Thursday after revising its method for counting infections.The death toll in China increased by 105 to 1,770. More than 10,000 patients have been discharged so far. There are now five fatalities outside of mainland China, after France and Taiwan reported deaths over the weekend.\--With assistance from Abeer Abu Omar, Ryan Beene, Dong Lyu, Jing Jin, Cindy Wang, K. Oanh Ha, Isabel Reynolds, Tony Czuczka, April Ma, Takashi Mochizuki, Suttinee Yuvejwattana, Siraphob Thanthong-Knight, Natalie Lung, Jason Scott, Shawn Donnan and Vince Golle.To contact Bloomberg News staff for this story: Steve Geimann in Washington at email@example.com;Karen Leigh in Hong Kong at firstname.lastname@example.org;Drew Armstrong in New York at email@example.comTo contact the editors responsible for this story: Rachel Chang at firstname.lastname@example.org, ;Adveith Nair at email@example.com, Jeff Sutherland, Anne PollakFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Macau, the world's biggest gambling hub, will allow casinos to resume operations from Feb. 20, after authorities imposed a two-week suspension to curb spreading of the coronavirus, public broadcaster TDM reported on Monday, citing authorities. The unprecedented halt of gaming operations started on Feb 5 and was due to end on Feb 19. Macau has not reported any new cases of the virus since Feb 4, authorities said.
In an effort to address ongoing public health challenges surrounding the coronavirus outbreak, Sands China Ltd. has pledged to donate MOP 25 million to help contain the spread of the virus and to assist with relief efforts in mainland China and Macao.
(Bloomberg) -- Chinese stocks stabilized after the market’s biggest loss of value on record, with traders unconvinced that the recovery would last given the spreading virus outbreak.The CSI 300 Index of equities closed 2.6% higher, with a measure of 10-day swings jumping to the highest in four years. The broader Shanghai Composite Index advanced 1.3%, while the ChiNext Index gained 4.8% on its best day in nearly a year. Turnover on domestic exchanges leapt 78% on Tuesday, the biggest increase since May 2016, to 881 billion yuan, a 10-month high.The gains follow a $720 billion plunge in Chinese shares, the largest shareholders in China have ever seen on a net basis. Even for an equity market that’s no stranger to volatility, declines of Monday’s magnitude are rare. The CSI 300 Index has only dropped 7.5% or more on eight previous occasions in its almost 15-year history, and half of those were during the turmoil in 2015. The last time it happened -- around the yuan devaluation in August that year -- the benchmark fell another 7.1% the following day.Investors are bracing for wilder swings in stocks as they react to Beijing’s supportive measures and the worsening virus outbreak that’s threatening China’s economy. While some came out Tuesday to buy stocks on the cheap, most stopped short of predicting that any rebound will be sustained. More than 100 stocks were still trading limit down on Tuesday.“The worst is not over for China’s markets,” said Sean Lee, a fund manager at Shin Kong Investment Trust in Taipei who is buying Chinese suppliers to Tesla Inc. after the U.S. company’s shares soared overnight. “We’re only seeing a rebound after yesterday’s sharp decline. It gives us time for a short breather. Funds will flock to stocks with good news in the short term.”The CSI 300 slumped 7.9% Monday as mainland markets traded for the first time since Jan. 23. All but 162 of the 4,000-odd stocks in Shanghai and Shenzhen recorded losses, with about 90% dropping by the maximum allowed by the country’s exchanges. The huge number of shares trading limit down means it could take days for investors to execute their orders.China set its daily yuan fixing stronger than the key 7 per dollar level on Tuesday in a signal of support even as the currency weakened past the key level on Monday. The People’s Bank of China set the daily reference rate at 6.9779 per dollar.Two-thirds of the Chinese economy will remain closed this week as several provinces took the extraordinary step of extending the Lunar New Year holiday to help curb the spread of the disease that’s claimed more than 420 lives, with confirmed cases topping 20,000.Casino stocks fell after Macau, the Chinese territory that’s the world’s biggest gambling hub, said it would discuss potential measures to suspend operations in the sector in a bid to contain the spread of the deadly coronavirus. Galaxy Entertainment Group Ltd., Wynn Macau Ltd., SJM Holdings Ltd. and Sands China Ltd. fell at least 1.5%.Even investors who were brave enough to buy stocks on Monday aren’t exactly turning bullish for the long term. The declines took major stock indexes below almost every technical support level in sight, leaving analysts with little to go on for their predictions.“There’s not much I can buy today,” said Lu Boliang, CIO at Shenzhen Qianhai Daoyi Investment Holdings Co. “It was just panic, panic, panic everywhere. Some people who were planning to sell at the open might have turned buyers today after seeing fewer shares splattered. Prices may be so low that its too painful to sell at this stage.”\--With assistance from Amanda Wang.To contact the reporters on this story: Cindy Wang in Taipei at firstname.lastname@example.org;April Ma in Beijing at email@example.comTo contact the editors responsible for this story: Richard Frost at firstname.lastname@example.org, Sofia Horta e CostaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Macau, the world's biggest gambling hub, said on Tuesday it had asked all casino operators to suspend operations for two weeks to help curb the spread of the new coronavirus. The announcement by Macau's chief executive Ho Iat Seng came as the former Portuguese colony reported 10 confirmed cases of the virus and tight restrictions on movements in and out of the Chinese territory.
Gambling revenue in the Chinese territory of Macau dropped 11.3 percent in January year-on-year, with the world's biggest casino hub a near ghost town after authorities announced a raft of measures to keep visitors away and contain a fast-spreading new coronavirus. January's figure of 22.1 billion patacas ($2.76 billion) was worse than analyst expectations of a drop of around 2 percent - estimates that were made prior to the implementation of visitor restrictions last week.
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The Chinese territory of Macau has become a near-ghost town during what is typically the busiest time of year in the world's biggest casino hub, after authorities announced a raft of measures to keep visitors away and contain the new coronavirus. The local government late on Tuesday said it would curb its individual visit scheme through which visitors gain entry from mainland China, days after it suspended inbound package tours. The steps come as deaths from the coronavirus reached 132 in China on Wednesday with 1,500 new cases.
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A total of around 350 volunteers from Sands China Ltd. and local community groups worked together Friday at The Venetian® Macao to build 40,000 of the 100,000 total hygiene kits of the Las Vegas Sands 2019 Global Disaster Relief & Community Preparedness Event with Clean the World. It is the sixth year in a row for Sands China to participate in the hygiene kit build.
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Sands China Ltd. recognised some of its more exceptional suppliers at the 2019 Sands Supplier Excellence Awards Friday at The Venetian® Macao. The annual event is a global initiative of Sands China's parent company, Las Vegas Sands Corp., and acknowledges the cooperation and services of some of the company's most noteworthy suppliers worldwide.
China has appointed a slate of new officials to head the world's top gambling hub of Macau, changing key roles including the city's economy and justice secretaries. The appointments in Macau, a special administrative region of China, come as the city's casino industry is experiencing tumbling revenues and ahead of an expected visit by President Xi Jinping this month to mark 20 years of Chinese rule. Macau, which neighbours China's other special administrative region, Hong Kong, announced the changes on a government website late on Sunday.
Gambling revenue in the Chinese territory of Macau dropped 8.5% in November year on year, hit by lacklustre demand from high roller gamblers due to slowing economic growth amid the ongoing Sino-U.S. trade war and protests in neighbouring Hong Kong. November's figure of 22.9 billion patacas ($2.8 billion), the second weakest figure this year, comes as some high roller players delay trips to Macau, analysts said. While protests in the Asian financial hub of Hong Kong have caused transport disruption and deterred travel to the former British colony and then on to Macau, analysts and executives say the impact on gaming revenues has been minimal.
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Gambling revenue in the Chinese territory of Macau dropped 3.2%in October year on year, hit by tempered demand from high-roller gamblers due to slowing economic growth amid the Sino-U.S. trade war and protests in neighbouring Hong Kong. October's figure of 26.4 billion patacas ($3.27 billion) comes after China celebrated its 70th anniversary of the founding of the People's Republic at the start of the month.
MACAO, Oct. 21, 2019 /PRNewswire/ -- Las Vegas Sands Corp. (LVS) and Sands China Ltd. hosted legendary professional golfer Phil Mickelson and rising Chinese golf star Li Haotong today in Macao. During a press conference in the afternoon, Sands announced an ongoing partnership with Li as a global brand ambassador for the integrated resort group. The stars took part in a morning Pro-Am Tournament at Macao Golf and Country Club, followed by the highlight of the day, a junior golf clinic with 30 young golfers from the Macao Junior Golf Club Association, the Zhang Lianwei Sports Development Foundation and Macao Special Olympics.
MACAU, Oct. 8, 2019 /PRNewswire/ -- With Sands China's All That's Gold Does Glitter – An Exhibition of Glamorous Ceramics wrapping up Oct. 9, the museum-quality exhibition has been seen by over 8 million visitors to date. The first-of-its-kind exhibition was launched June 8 in support of Art Macao, a six-month mega international arts and cultural event organised by the Macao government to promote art in city. Since opening, the high-level ceramic exhibition has been the centrepiece of the lobby of The Venetian® Macao, Sands China's most visited integrated resort.
Investing.com - Casino stocks in Hong Kong rallied before falling on Friday in Asia, as political unrest in the city overshadowed data that showed visitors to Macau rose nearly 9% on year during Oct. 1-2.