Macau Property Opportuni... Share Discussion Threads

[grippa] 19/9/2007 10:05

YTD up 10.6% WYNN up 62.8% and LVS up 49.3% due to Macau prospects (too many casinos?) The share price is actually up since your post from a low of 1.05 to today 1.14 so it has risen and you have missed your bottom buying oppurtunity.

[wassapper] 18/9/2007 07:14

I got out back in May - like energyi I will watch and wait.

[energyi] 18/9/2007 02:31

Rising?

Macau Property Opp
Wednesday, May 02, 2007
Open: 135
High: 137.5
Low: 134.5

Today: 114.0

That's a rise?? Not in my book

[grippa] 04/9/2007 14:02

If you haven't noticed the share price is rising!

[energyi] 03/9/2007 14:26

"Never £1, your buying opportunity was 7 days ago!"

I think the lows of mid-August will be revisited, and maybe lower.

= =

Actual post:

energyi - 2 May'07 - 02:58 - 115
-- be careful / macau government policies are not popular with everyone --
SHOTS FIRED AT MACAU RALLY

Macau Property Opp
Wednesday, May 02, 2007

Closing Price: n/a
Open: 135
High: 137.5
Low: 134.5

what are you talking about??

energyi - 16 Feb'07 - 11:26 - 85
TROUBLES AHEAD??
too many casinos? maybe... and Venetia's not open yet
the news flow is starting to turn, it seems.

D@mned accurate- followed up by the early May troubles.
= =

Now, I'm looking forward to an opportunity in these shares.
The NAV may actually be rising while the share price falls.

See:

[grippa] 29/8/2007 16:51

Your warning was on 16th feb when the price was £1.14 So please dont try and say you saw this coming!!

[grippa] 29/8/2007 16:50

Energyi...Never £1, your buying opportunity was 7 days ago! Think you have missed it for now!!! Better luck next time.

[energyi] 29/8/2007 04:45

not looking too swift, is it?
Dont you wish that you had heeded my warnings now?

This, from right near the top:
energyi - 2 May'07 - 02:58 - 115 of 119
-- be careful / macau government policies are not popular with everyone --
SHOTS FIRED AT MACAU RALLY
- -

I wanted to invest, but found it too risky, and am awaiting a better buying opportunity. I dont like to chase overpriced stocks

let's see how the Venetian fares. if it goes well, these shares may recover.
but i could see them back at 100p first (without gtee)

[grippa] 11/7/2007 16:43

"energyi - 16 Feb'07 - 11:26 - 85 of 129


TROUBLES AHEAD??

too many casinos? maybe... and Venetia's not open yet

the news flow is starting to turn, it seems.
The macau legislature wants to change the investment incentives,
because property prices are climbing too fast

i will visit Macau tomorrow for the lunar new year holiday"

The price was 115p on the 16feb...it is now 122.5...I am just pointing out that right from the beginning you have been negative...even at lower prices than this. So not sure why you are talking the price down...Are you invested?

[don muang] 03/7/2007 12:05

energyi ... thanks for the link to the new Asia property thread - plus your views from HK perspective ....

PS: it was 10 years ago this week that the Thai Baht got hit which devestated Thai reality prices - still plenty of areas in Thailand where you can pick up reality now at lower price (in Thai Baht) than 10 years ago - and it's even cheaper in Sterling terms given depreciation of Thai currency .....

[energyi] 03/7/2007 10:19

grippa - 21 May'07 - 15:47 - 121 of 127
Energyi has been negative from the start...not sure what his game is!

Price peaked at the end of April- weeks before that posting
what do you think "my game" is?
Telling it like I see it (from Hong Kong) perhaps??

Have a look at these comparisons:

[grippa] 29/6/2007 07:37

Nice Director and institution buying recently...very positive sign!

[banj] 19/6/2007 09:59

Las Vegas Sands Corp. plans Aug. 28 to open its highly anticipated Venetian Macao Resort Hotel in booming Macau, the only place in China where casino gambling is legal.

The 10.5 million square foot (945,000 square meter) property will be key to Macau's bold bet to transform itself from a casino town for day-tripping gamblers, to a multi-day tourist destination for conventioneers, shoppers and families as well as punters.


The Venetian Macao will feature 3,000 rooms, 1.2 million square feet (110,000 sq. meters) of convention space, a 15,000-seat arena, casinos and 350 stores, the company said Wednesday in a statement from Las Vegas.

The company said its resort will be the first property to open on reclaimed land called the Cotai Strip, which will eventually have 20,000 hotel rooms operated by some of the biggest names in the business: Four Seasons, Sheraton, St. Regis, Hilton and Shangri-La.

Macau - a peninsula and two islands off China's southern coast - was a Portuguese enclave before it returned to Chinese rule in 1999. After the handover, the government broke up a casino monopoly and allowed foreign companies to enter the market.

Last year, Macau raked in more gambling revenue than the Las Vegas Strip

[don muang] 28/5/2007 16:51

Well, I sold out my holding a couple of days after I last posted in the first week of May. (That's why I haven't posted since then). Decided a 33% per cent profit was better banked given general macroeconomics at this time. So luckily got out before the recent dip in MPO share price I remember the Thai real estate frenzy last decade when everyone was predicting would continue indefinetly - that came to an almost overnight stop and sudden reversal due to unanticipated economic events. Long term prospects still fairly good for MPO but I've already got more than enought 'long term' stuff. Might buy back-in sometime again though if MPO share price becomes 'undervalued'.

[energyi] 28/5/2007 06:22

People who live in Macau tell me that property prices are falling now-
especially at the low end

[grippa] 21/5/2007 15:47

Energyi has been negative from the start...not sure what his game is!

[wassapper] 07/5/2007 16:24

energyi - 2 May'07 - 02:58 - 115 of 119


-- be careful / macau government policies are not popular with everyone --

SHOTS FIRED AT MACAU RALLY

====================================================

Same things happen in the US and France all the time. It does not stop investment. London these days full of shootings; the IRA had a bomb a month in the mid 70's. Does not stop investment.

I think Energyi is either short or out.

[don muang] 07/5/2007 16:03

Hai Phong International Tourism Joint Venture Co. and ViVa Macau Airline officially launched an international air cargo service linking Hai Phong and Macau of China on Sunday.

[banj] 06/5/2007 23:13

Macau Ferry Heliport to Expand Capacity By 80%

The Macau Ferry Terminal heliport's expansion will boost its capacity by 80% to 55,200 movements a year, Secretary for Economic Development & Labour Stephen Ip says.

He told lawmakers today an additional helipad and a connecting taxiway will be added to meet forecast demand for cross-boundary helicopter services up to 2015. The right to expand and operate the heliport will be granted through a tenancy agreement, which will last 18 years from July.


Mr Ip said the tenancy concerns the expansion and operation of the heliport rather than the provision of helicopter services. The main considerations in assessing the bids included the bidders' proposals on construction and operation and the level of rental offered to the Government.

Demand and supply of services as well as prevailing market conditions will affect the future volume of helicopter passengers and the fares and concessions offered to different types of passengers, the secretary said.

Open for common use

According to the tenancy agreement, the heliport will be open for common use by all helicopter service operators on a fair and equal basis. The charges the heliport levies on operators will be non-discriminatory and subject to Civil Aviation Department approval.

The consultancy study on helicopter traffic demand and heliport development in Hong Kong in 2002 projects that the number of cross-boundary passenger trips will grow at an average of 9.4% a year from 2001 to 2020.

To help the long-term development of cross-boundary helicopter services, Mr Ip said a site in Kai Tak has been reserved for use as a second cross-boundary heliport.

[Source : news.gov.hk]

[woracle] 02/5/2007 09:13

"How much further has Macau property boom to go?"

People were asking the same questions in UK in 1999, 2001, 2003, 2005 etc etc...There will be shocks along the way, but I would say a lot lot further on a 5 to 10 year view.

[don muang] 02/5/2007 07:02

energi - thanks for the posting - I'm aware that even in countries seen to be 'paradise', then lots of problems exist below the surface - or in some cases just bubbling awaiting to burst .... so I'd be surprised if everything in Macau is 'rosy'. So the question related to this fund is: How much further has Macau property boom to go?

[energyi] 02/5/2007 02:58

-- be careful / macau government policies are not popular with everyone --

SHOTS FIRED AT MACAU RALLY

Bullet strikes man in the neck as police battle with angry protestors
during march against labour woes

Police fired shots in the air and beat protestors back with batons yesterday as a Labour day march by thousands in Macau erupted in violence

Incensed by a lack of jobs and low pay while mainland labour flodds in to drive Macau's casino boom - and accusing the government of corruption - the protestors mounted the most direct challenge yet to Chief Executive Edmund Ho Hau-wah, calling on him to step down.
. . .
Police put the number at 2,400, while the rally's organisers said it was 10,000

[banj] 01/5/2007 06:22

''We are only at the beginning of the story for Macau," enthused Guy Hollis, international director of property and investment management giant Jones Lang LaSalle.''

"The underlying fundamentals are strong, and we think that the jobs being created and the opportunities being created point towards Macau being a good place for long-term investments."

================================================================

Macau Running Out of Space for New Housing

We have some snippets from last weeks Investment Forum, obviously they are casino and property related. Again the greatest concern seems to be about the availability of land to develop new housing projects.

How long before we see Hengqin and Zuhai relaxing their border controls to allow the expected influx of over 100,000 workers to have affordable housing. If it works between Hong Kong and Shenzhen, then there should be no reason why a similar arrangement can also work for the China and Macau borders.


The Manhattan, a high-rise complex a stone's throw from Macau's glitzy new casino district, is something of a rarity as it prepares to throw open its doors to well-heeled residents next month.

For a start, the twin towers have been built on the only plot of freehold land in the southern Chinese territory. And it is Macau's only luxury housing development.

While the skyline in Hong Kong, just an hour away by ferry, is dotted with towering monuments to the high-life, Macau has been late getting on the top of the real estate bandwagon despite its recent casino-led economic boom.

That, however, could be about to change.

With an estimated 25 billion US dollars in overseas investment committed to the city's renewed casino sector, investors are beginning to look beyond the roulette and baccarat tables for a good punt.

"We are only at the beginning of the story for Macau," enthused Guy Hollis, international director of property and investment management giant Jones Lang LaSalle.

"The underlying fundamentals are strong, and we think that the jobs being created and the opportunities being created point towards Macau being a good place for long-term investments."

"Wall Street is here," as Jonathan Galaviz, partner with gaming and travel research analyst Globalysis, put it.

The economic good times have seen rents rocket, according to Hollis. By his reckoning, average apartments that were going for 300-400 Hong Kong dollars a month five years ago are now fetching up to 6,000 dollars today.

To confirm this see the following advert from Sing Tao advert (Chinese newspaper), prices from Centaline Macau.
Block 1, Flat C (1 Bedroom w/part sea-view, facing Wynn) 918 sq ft, mid-floor: HKD4.7m (HKD5119 psf)
Block 7, Flat A (2 Bedroom w/full SV, next to Mandarin Oriental) 1269 sq ft, high-floor: HKD7.3m (HKD5723 psf)
Block 5, Flat A (3 beds w/full SV) 2262-2318 sq ft: From HKD4880+ psf

"The average Macau resident cannot afford property here any more," Hollis told a gathering of financiers backing the casino sector's redevelopment.

That sort of growth has attracted property speculators. However, they have encountered a brick wall, as a combination of red tape, lack of transparency and scarcity of space means there has been little or no construction in which investors can place their money.

"There is going to be a major housing shortage unless the government gets to grips with this," said Dan Tagliere, principal and co-founder of MacauLand, the lead developer of The Manhattan.

"The conservative estimate is that 70,000 new jobs will be created by the new casinos, but I think that number is going to be double."

Most of the housing stock in Macau is public accommodation which was built by the then government to house the influx of people fleeing China's Cultural Revolution.

But Macau's tiny size - it covers just 27 square kilometers (10.4 square miles) and already houses half a million people - makes further development difficult.

A huge 100,000 square meter reclamation that has been earmarked to house 20 casinos and hotels in the Cotai Strip has been strictly zoned for commercial use only, depriving developers of the chance to build holiday condominiums near their properties.

One alternative is to build across the border in southern China's Zhuhai, a city that emerged in the shadow of Macau, like Shenzhen did near Hong Kong.

"Why don't people live there already? Because the border is not a 24-hour border," said Richard Yue, chief executive of private equity firm ARCH Capital, which is investing heavily in Macau.

"We have an ideal commuter city across the border," he added, "but red tape is preventing that."