|Macau Property Opp. Fund
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Macau Property Share Discussion Threads
Showing 476 to 499 of 500 messages
The joint venture also pointed out that one of the local buyers had spent HK$68 million for 12 units of the luxury project.
Sounds like smart money moving in|
|This senior guy is putting his consortiums millions in
Edwin Cheung, chairman of the Concordia consortium:
When questioned on the development of the Macau real estate market, the Concordia chairman said he believed housing prices would go up stably in the coming two years driven by the lack of sufficient private housing but without a “significant surge”.
“I believe our major customers will be local residents (…) The size of the local property market is only 1/11 that of Hong Kong, with a population amounting to some 650,000,” he added.
According to the Sky Oasis release, the majority of potential buyers are from Macau, with the remaining hailing from Mainland China, Hong Kong, South East Asia and Europe.
Mr. Cheung believes that with the number of marriages in Macau increasing to 7,000 next year new families will be looking for new properties, with the smaller units at Sky Oasis targeting new younger couples or executives, while the most expensive four bedroom units target wealthy local families.
|QP: just seen your post 487. Apologies, it was in last weeks paper mag which I've since recycled or used to light the log burner. The gist of the article was that the Chinese crackdown on gambling was aimed at the super-rich, not he mass gaming market, which is now recovering with increasing strength. This, and the future bridge to Hong Kong, will revitalise Macau, and by association, its property market. That's all, not exactly rocket science. Leave that to the Chinese!|
|The collapse of the pound has theoretically added 20% relative value to the Yuan assets|
|A couple of big buyers around; a long way still to go IMO.|
|If we've seen the bottom - and personally I think we have, but who knows where China's involved - there's a long way for MPO to climb. NAV increases to make up for the huge NAV losses, with discount compression at the same time.|
Is this a non-subscription article - and is it possible for you to post a link? - I'd be interested to read it.
Thanks for your interesting post and info.
|Could be because he's a muppet ;)
Could have sold it better too - a lot more potential for MPO than he stated.
Potential is just that until it's realised of course.|
|Big tip for MPO in this week's Money Week by David C Stevenson: 'Take a punt on Macau's casinos'. Pointing out the 28% discount to NAV and the likelihood of returning cash to shareholders.I'm surprised it has had so little effect on volume and share price|
|Yes, mixed report for me. I only have a small and recently acquired position so I can afford tie at flat. The big discount is to the adjusted and not IFRS, so for me this is a call on Macau recovering, and to a certain extent not being in Sterling, though RMB is hardly a strong alternative.|
|Whereas I read several bad (albeit historic) points about lease expiries and occupation levels, but attracted to the point about 39% NAV discount being based on $/£ rate of $1.32.
Onwards & upwards I hope.|
|Many nuggets of good or positive news in the Update continue to point to and give further credence to an improving economy in Macao.
The newly opened mega resorts will increasingly attract more visitors to Macao where visitor numbers and gaming revenues show strong signs of improving and beginning their long-awaited upturn from a low base.
I personally remain upbeat about the prospects and outlook.
ALL IMO. DYOR.
|Casino shares in Hong Kong powering ahead.
Further good omens for what now appears to be a rapidly improving Macao economy.
ALL IMO. DYOR.
|So investors will move in anticipation - bit like house traders moving into an area before a new tube station is opened|
|The share price is at a 53% discount to Adjusted NAV. There is massive scope for this to head back towards 250p as Investors realise Macau is on the up again.|
Cycle turning positive for Macao
|And the deck of the massively long Hong Kong - Macao bridge was completed this week. Opening in 2018/19, with a big boost to Macao|
|Manufacturing data from China has bottomed, according to the PMIs. A more reliable indicator is the China power output data, as monitored at night by satellite by the likes of Goldman Sachs. It's up 7.8% y-on-y according to JPM. Floor space of newly started residential buildings throughout China has been gradually climbing for over a year. All good fundamentals for MPO.|
|Exactly - who doesn't like catching the btm of a property mkt!
That looks like a technical btm on both charts - the upper share price is a bounce off prior demand and the lower is a discount breakout imho|
MPO has been off the radar and has been in a totally unloved sector for a while now.
These results will help refocus investor attention on the fund.
ALL IMO. DYOR.
|@QP there's certainly plenty "in the price" - and if NAV starts on a multi-year move upwards instead of multi-year decline, then sky's the limit.|
|Well, that's what we were hoping for.
Growing evidence that the recent property woes and downturn in Macau had bottomed - and that seems very much the case here with an incipient upturn.
The Discount to NAV is not justified and perhaps represents a great opportunity.
My reading is that there is next to no chance of the fund being wound up this year.
Overall upbeat about prospects going forward against a gradually improving market.
The new openings of the mega-resorts in Macau and their pulling-power are not to be underestimated.
Personally comfortable and optimistic about share price going forward.
ALL IMO. DYOR.
|up 7% on these results.|