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DJ MARKET TALK: Macau Plays May Get Boost From Wynn's 2Q Results Jul 28, 2008 08:53 0837 [Dow Jones] Recently depressed Macau plays may get boost from Wynn Resorts' (WYNN) strong 2Q, with net income more than tripling in part due to 50% boost in revenue from Macau (net revenue US$529.9 million vs US$352.5 million year earlier, earnings +67.5% at US$155.2 million). HK-listed Macau plays' recent weakness due to concerns of cutthroat competition, tightened travel restrictions by China, but Wynn's strong 2Q may suggest such concerns a bit overdone. Since May, Galaxy Entertainment (0027.HK [News / Quote]) down 42.8%, Melco (0200.HK [News / Quote]) down 48.0%, Shun Tak (0242.HK [News / Quote]) down 40.3%, Dore (0628.HK [News / Quote]) dived 66.5%; while concerns not without merit, magnitude of falls likely priced in most, if not all, of these concerns.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com |
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| aus der Diskussion: | Dore Holdings - neue Casinoaktie aus Macao |
| Autor (Datum des Eintrages): | Sugar2000 (28.07.08 09:13:55) |
| Beitrag: | 128 von 228 (ID:34595900) |
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