63
(
1928.HK) of its Sands Cotai Central complex. It will be the last signi cant property to open its doors anywhere in Macau before 2015, analysts say. The project’s rst phase is set to
open in March and will include a 9,850 square-metre casino with VIP gaming areas. The company expects to open a second casino by the third quarter. When work is complete, there will be more than 5,800 hotel rooms on the site. Sands China’s stock price rose
about 28.5 percent last year, the third best performance by Macau gaming stocks listed in Hong Kong. In compar- ison, the benchmark Hang Seng Index gave up close to 20 percent. Citigroup favours stocks with to Cotai. The
exposure investment
bank estimates that 51 percent of the EBITDA from the city’s casino in- dustry will come from properties lo- cated in that area as early as next year. The bank deems Sands China “could
Ticker
0880.HK 0027.HK 1128.HK 1928.HK 0200.HK 6883.HK MPEL.US 2282.HK HSI.IND
LVS.US MGM.US WYNN.US PENN.US INDU.IND
SPX.IND
Name
SJM Holdings Ltd. Galaxy Entertainment Group Wynn Macau Ltd. Sands China Ltd. Melco International Develop. Melco Crown Entertainment Ltd. Melco Crown Entertainment MGM China Holdings Ltd. Hang Seng Index Las Vegas Sands Corp. MGM Resorts International Wynn Resorts Ltd. Penn National Gaming Inc. Dow Jones Indus. Avg. S&P 500 Index
Share price performance (HK$/US$)
52-week high
21.00 22.45 27.48 26.60 10.76 26.40 16.15 18.20
24,468.60 51.05 16.94
165.49 44.29
12,928.50 1,370.58
52-week low
10.22 8.69
14.81 14.90 4.30
22.40 6.46 8.05
16,170.30 36.05 7.40
101.02 31.68
10,362.30 1,074.77
31/12/2011
12.68 14.24 19.50 21.95 5.77
24.50 9.62
10.16
18,434.39 42.73 10.43
110.49 38.07
12,217.56 1,257.60
JANUARY 2012
Change (%)
2011 return 5.04
61.82 18.09 28.51 29.96 -
51.26 -
-19.97 -7.01
-29.76 12.29 8.31 5.53 0.00
Photo: Carmo Correia
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