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MACA Mac Alpha Limited

175.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mac Alpha Limited LSE:MACA London Ordinary Share VGG5869Z1045 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 175.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec -323k - -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 175.00 GBX

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Date Time Title Posts
25/6/201223:01Macau: a Gamblers Paradise, China's Las Vegas79
18/10/200707:45Business Opportunities in Macau7
26/1/200715:06Macau: Investment ideas- more than casinos3

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Posted at 24/4/2024 09:20 by Mac Alpha Daily Update
Mac Alpha Limited is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker MACA. The last closing price for Mac Alpha was 175p.
Mac Alpha currently has 700,000 shares in issue. The market capitalisation of Mac Alpha is -.
This morning MACA shares opened at -
Posted at 21/8/2008 02:09 by energyi
Raising the stakes
30/07/2007



With a total area of merely 28.6 square kilometers, Macau astonished the world last year when it overtook Las Vegas to become the world's largest single gaming center.
This followed the move by the Macau government to terminate the monopoly status of Sociedade de Jogos de Macau in 2002.

Even though the move was not applauded by Stanley Ho Hung-sun, who owns the gaming conglomerate SJM, it was good news for other gaming players, including Macau Success (0487).

Riding on the opportunities offered by market liberalization, Macau Success went for a back-door listing on the Hong Kong bourse in 2003 by acquiring stakes in a loss-making company called China Development Corp, executive director Hoffman Ma Ho-man recalled.

Despite having "Macau" as part of the company's name, it did not have direct exposure to the fast-growing Macau gaming market. But this will change when Ponte 16, a flagship project it owns and operates, is launched.

It beat other competitors to become SJM's partner in the world's largest gaming center.

Back in the 1990s, Sonny Yeung Hoi-sing, chairman of Macau Success, was already involved in the gaming business in Macau. He was the operator of Golden Palace, a VIP room, in SJM's Casino Lisboa, Ma said.

"As one of the top three VIP room operators and having a good business relationship with SJM, Yeung was invited to be a partner," he added.

Ponte 16 then became the core business for Macau Success.

Initially, it only held 10 percent shares in Ponte 16, but gradually lifted its stake to 49 percent by December 2006 after several share placements, including a HK$370 million share placement in November 2004; selling 5.6 percent of shares to Joy Idea Investments, a VIP room operator in Macau, as strategic investors in 2006.

With the shareholders' structure settled, Ponte 16 is ready to launch its operations.

But the competition is severe.

There are 26 casinos operating in Macau, more than double the 11 casinos in 2002. There are a total of 3,102 gaming tables and 8,234 slot machines, eight times and nine times more than 2002, respectively, according to data from Macau's Gaming Inspection and Coordination Bureau.

While more casinos are in the pipeline, including The Venetian, the second project for Las Vegas Sands, and the MGM Grand Paradise, both of which will both this year, market competition is intensifying.


Analysts generally believe the average net revenue per table will continue to decline in 2007 and 2008.

Morgan Stanley believes a recovery in revenue per table will not happen until 2011, after hitting bottom at US$2,000 (HK$15,600) per table per day, because of the increase in casinos.

Nevertheless, Ma believes their network and know-how in the city is their advantage over the overseas giants.

"The needs and habits of mainland customers is different from that in Las Vegas," Ma said. He believes simply copying the model from Las Vegas will not be successful.

"Gamblers in Macau tend to have a larger bet and show more passion in gaming than those in Las Vegas, which leads to a smaller demand for entertainment shows or quality meals."

Rather than adopting the international Las Vegas style, Ponte 16 will make use of its geographic location to distinguish itself from competitors, Ma added.

Located at the Inner Harbor in the old town, the HK$2.4 billion integrated casino resort will feature a European Riviera theme, building on the atmosphere of the former Portuguese colony.

Ma believes the casino will benefit from the new pier to be built at Inner Harbor, which will have ferry services connected to Zhuhai and two other places in Guangdong. This would help bring in customers as the Gongbei immigration gate, which is connected to Zhuhai, is heavily congested.

"Cotai Strip will develop towards the Las Vegas style, while those casinos on the Macau Peninsula will focus on gamblers or visitors looking for the real Macau experience," he said.

The casino, which will house 150 mass-market gaming tables, 24 VIP tables and 300 slot machines, the 423-room five-star hotel Sofitel Macau@Ponte 16 and a shopping arcade will open in phases. Dates are yet to be announced.

Looking ahead, Ma is optimistic.

"Underpinned by the robust economic growth of China and Asia, the prospects of Macau's gaming market will definitely outpace Las Vegas," he said. "In a market growing at over 20 percent per annum, I am very optimistic about the future."

Eyeing a 6 percent to 10 percent market share in Macau's gaming market by revenue, Ma hopes to recoup the investment on Ponte 16 within three years. He is hoping for an opportunity to develop a second casino project.

Sharon Wong of Standard & Poor's expects net profit of Macau Success to be HK$12 million for the year ended September 30, 2007, the lowest since it listed in 2003, because of the absence of interest income from the King Seiner Palace Promotor loan.

However, she expects its net profit to surge to HK$205 million in fiscal 2008 once the Ponte 16 comes onstream.

/see:
Posted at 26/3/2007 06:58 by energyi
BEARISH Story on Macau Casinos in today's SCMP, entitled:
"Winning Run ends as Macau Plays tumbles"

It talks about:

+ the 22-26% falls in the main two US markers, WYNN, and LVS
+ shares in Melco have plunged as much as 40% from their Dec.19th debut on Nasdaq
+ "the shares remain hugely expensive, and investors and analsyts are worried about rising costs in Macau, underwhelming growth in visitor spending and infrastructure bottelnecks"

+ "the current trend doesnt support the massively bullish argument- that you build it, and they will come, and that each time you open a new property, you are going to see a surge in visitations from the mass-market Chines visitor
+ Despite an 18 percent rise in vistations, spending per visitor rose only 1 percent
+ Gaming revenues from the walk-in mass market appeared to be growing at a 30 to 40 percent clip, and the VIP market looked aneamic at 3 per cent
+ Important, because margins on mass-market are 35 to 40 percent, against only 10 to 15 percent on VIP business (due ti big fees paid to VIP tour organisers). However, there was an error in the data collection. The real figures were more like: 15% and 9%, respectively.

= =

THIS IS CASINOS,
But some of the disappointment is likely to spill over into the Macau property market, especially if disappointing share performance continues
Posted at 16/2/2007 11:27 by energyi
THIS sounds rather Bearish - and needs further reflection
==================

Investment immigration programme "should be suspended"
(Fri 09 Feb 2007 07:07 )

Legislators demanded suspension of investment immigration programme, expressing concerns that apartments have become unaffordable among locals.

In interviews with daily newspaper Jornal Va Kio, Ng Kuok Cheong (吳國6124;) pointed out that land concessions with prices much lower than market values had resulted in an increased supply in real properties, while there is no increase in cash supply.

Although this should slow house price hikes, increase in Renminbi value and economic development means that capital from mainland China may target Macau properties for speculation.

Meanwhile, Kwan Tsui Hang (關翠6447;) pointed out that situation has changed since the implementation of investment immigration policy.

The original purpose of such policy was to digest the over-supplied property market. With even an old apartment unit being sold for MOP 1 million, and criteria for investment immigration also at MOP 1 million, it will only result in poor quality investments.

She also expressed concerns that Macau's social infrastructure cannot cope with the load of these new immigrants.

She said that more social and economic housing are actually needed for local people, especially young people, but easy home-buying schemes for immigrants means that inequality exists between the locals and people from outside Macau, exacerbating the dissatisfaction of locals on the Government.

Jornal Va Kio also reported that the Government is "likely" to review existing investment immigration policy.

@:
Posted at 01/2/2007 03:00 by energyi
ONE-CENTRAL SALES BOOMING
xxx from today's HK Standard, pg.A5:

ShunTak (HK:242) says they have generated more than HK$6 billion in sales at One-Central.

+ 90pc of the appartments have been sold
+ about 700 units, at an average selling price of hk$5,000 ((796 units in total))
+ top prices were as much as hk$6,300 psf
+ an entire block of 68 flats went to an Icelandic insurance co. for hk$782mn (hk$4,400 psf)

ST's other project: Nova City at Taipa Island ((JV with Hopewell Holdings))

+ 40 apartments sold at an ave. price of hk$2,500 psf, prices up 2% last week

Another new project: Harbour Mile, at Nam Van, adjacent to Macau Tower; sales launch end-2007
:: offers 3.8 million sf of office, residential, and retail

Local residents account for ONLY 10-20% of residential transactions

Despite all this, ST shares slide 5.8% to hk$10.48
Posted at 30/1/2007 11:55 by don muang
so no one's yet set up a thread entitled
Manchester: a Gamblers Paradise, Britain's Las Vegas (MACR)

so Macau or Manchester .... given the price of Virgin Trains it'd probably be cheaper to get to Macau from London ....
Posted at 28/12/2006 08:30 by energyi
Hong Kong-listed Emperor Intl buys 2 properties in Macau for 161 mln hkd

HONG KONG (XFN-ASIA) - Emperor International Holdings Ltd said that it has acquired two properties in Macau for a total consideration of 161 mln hkd.

The first property with an area of 1,600 square feet is currently used as a fashion retail shop, while the second is 15,788 square feet property currently used as a retail shop and restaurants.

""With our newly-acquired properties (located) at the busiest and most valuable commercial strip in the territory, we believe this strategic move will strengthen our investment portfolio and put us in an advantageous position to grasp lucrative business opportunities in Macau,"" said Donald Cheung, director of property department at Emperor Group.

= =

SOME CALCULATIONS:
Prop.#1 : 01,600
Prop.#2 : 15,788
:Total= : 17,388
: Price : hk$161.0mn

=== per sf : hk$ 9,259
Posted at 26/12/2006 14:05 by energyi
01-12-06 Speymill Macau Property makes 116.5 mln usd maiden investment in Macau property AFX UK Focus

LONDON (AFX) - Speymill Macau Property Company PLC, the Macau-focused residential investment property company, said it has bought 243 residential units in a waterfront project for 116.5 mln usd, its first investment in the country.

The AIM-listed company said around 30 pct of the price will be settled immediately in cash, another 10 pct in the next 12 months and the remainder on completion of the development.

- -

Established to invest primarily in the high quality residential property market of Macau

= =

Yes, Don.

that's an average of usd$xxx,xxx per unit
Posted at 02/10/2006 07:56 by don muang
I assume people reading this thread are aware of the following company:

Completion of Fundraising
RNS Number:0135E
Macau Property Opportunity Fund Ltd
05 June 2006

Macau Property Opportunities Fund Limited

Successful completion of #105 million fundraising

The Board of Macau Property Opportunities Fund Limited (the "Company") today
announces that the placing by Collins Stewart Limited raised gross proceeds of
#105 million. The Company, which was advised by West Hill Corporate Finance
Limited, has an issued share capital of 105,000,000 ordinary shares (the
"Shares"). All the Shares have today been admitted to trading on AIM.

The Company will focus on investing in property opportunities, primarily in
Macau, but also potentially in the Western Pearl River Delta region and, in
exceptional circumstances, greater China. The Company is in ongoing discussions
regarding a number of potential acquisitions.

Property management advice will be provided by Sniper Capital, which has an
established track record managing an existing private Macau property fund.

Macau, which is currently the only Chinese city where gambling is legal, is
attracting substantial foreign investment. This investment, allied with
increasing tourism numbers, a booming gaming industry, new transport
infrastructure and new leisure facilities combines to provide a powerful growth
dynamic to the property market.

The Company intends to target, principally, niche developments of the type which
are often overlooked by large developers and which offer opportunities to
achieve an attractive total return through their location, sector or '
value-added' potential. Sniper Capital will look to add value through the
development, refurbishment, redevelopment, change of use and repositioning of
properties.

There are currently several large-scale developments being undertaken in Macau,
such as the new mega-casinos and hotel complexes. Sniper Capital believes that
there are significant opportunities to achieve an attractive return from
investments in smaller developments or developments independent of, while
complementary to, the large casino and hotel sites.


--oo--
Posted at 09/3/2006 06:34 by energyi
The Macao Special Administrative Region is comprised of the Macao Peninsula, Taipa and Coloane. It is located on the southeast coast of Mainland China, at the west of the Pearl River Delta, about 60 km to the southwest of Hong Kong. Macao is a trade city that has always had a free market economy, a simple and low tax regime, the status as a free port and an independent tariff region.

Macao – Key Data 2005
Area................... 28.2 sq km
Population............. 488,000
Gross Domestic Product: USD 11.58 billion
Gross Domestic Product per capita USD 24,329
Visitors............... 18.70 million
Export Value..........: USD 2.48 billion
Import Value..........: USD 3.92 billion


More maps:

= = =

The following factors contribute to the fast development of Macau real estae market and investments:

+ #1 casino city in the World with US$ 6+ billions gaming revenue projected for 2006.

+ >10% GDP growth and per capita GDP of US$ 24,300 in 2005 (per statistics and census service).

+ Voted as #1 Asian city with the "Best Economy Potential" for 2005-2006 by fDI (Foreigh Direct Investment) magazine.

+ 500,000 population driving to become the biggest center of gaming, tourims, conventions, entertainments and luxury retail industries in East Asia.

+ 20+ millions visitors with many tourist attactions such as the United Nation's World Heritage Site.

+ 60,000 new jobs being created that attract influx of new immigrants and expatriate professions.

+ US$ 12+ billions investments to build mega convention-casino- hotels: Venetian, Wynn, MGM-Grand, StarWorld, Crown Macau, City of Dream, Shangri-la, Four Seasons, Marriott, Sheraton, InterContinental, Hilton, Regal, Dorsett, Fairmont Raffles etc.

+ 1/3 of average housing price in Hong Kong, high local housing affordability and active re-sales property and rental market.

+ 10 - 20 years mortgage loans for up to 50% appraised values for qualified foreign property investors.

+ 0% local capital gain tax for property sales, plus low corporate and individual income tax rates attractive to business enterprenuers and professional workers.

+ HK$ 1,500,000 in investment and bank reserve in Macau to qualify for investment residency visa, with advantages such as free visa travel to 56+ countries, 12 years free education and medical cares in Macau etc.
. @:

= = = = =
LINKS:
Macau Hub ......... :
Tax Havens ........ :
Start Business Tips :
Macau Links. : : :
Mac Alpha share price data is direct from the London Stock Exchange

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