|Macau Property Opp. Fund
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Macau Property Share Discussion Threads
Showing 501 to 524 of 525 messages
|Sands China has broken out|
|sterling falling again
good for mpo's nav I'd have thought.
what was the last reported nav?|
|Reasonably good correlation between property mkt and gambling mkt - Sands China for instance - which is also slowly on the turn - Macau gambling mkt 7 times bigger than Vegas apparently!|
|The story about the major hike in stamp duty on real estate in Hong Kong is all over The FT today. Bad news for HK property stocks which have fallen on the back of the tax increase.
But Hong-Kongers love owning brix-n-mortar.
With the completion of the HK-Macau bridge on the near horizon COMBINED with;-
1) The bottoming-out and incipient upturn in Macau's real-estate market
2) Improving economy in Macao
3) The opening of some new maga-resorts in Macau which will be a powerful magnet for visitors
4) The re-emergence of good numbers of mainland China visitors to Macao
5) Macao soon to be a short car journey away rather than a lengthy ferry-crossing ride
5) A massive hike in HK stamp duty
...this looks like a potent mix to me for a forthcoming surge in interest in real estate Macao.
In my opinion, after a long eclipse for Macao, it appears that the stars are very much aligning for Macao. - And when MULTIPLE factors come together, that is in my experience a very positive and extremely powerful sign for increasing values.
In my opinion, MPO has only this year just started on its upwards trajectory and has a lot, lot further to go over in 2017 and beyond.
ALL IMO. DYOR.
|Hong Kong stamp duty has been increased significantly
My guess is that this is very likely to have a big positive knock-on effect for Macau property and to give Macau real estate a major boost.
ALL IMO. DYOR.
|Not much in way of commentary but £/$ means higher NAV already:
"Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, announces that its Adjusted Net Asset Value for the period ended 30 September 2016 was US$228.3 million.
This is equivalent to US$2.99 (230 pence*) per share and represents an increase of 0.9% from the previous quarter.
*Based on a US$/GBP exchange rate of 1.298 as at 30 September 2016."|
|Fair margin of safety|
|Aseana Properties also running - Malaysia & Vietnam|
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 into the dip|
|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