Macau Property Opportuni... Share Discussion Threads

[zangdook] 12/12/2024 11:02

someone is dumping by the 10k.

[zangdook] 22/11/2024 11:40

Some useful detail in the AGM cover letter



Since the year end (June 30) they've sold four Waterside units and two (of four) villas at the Fountainside. In the Annual Report dated 30 Sept they reported the sales post year-end of three Waterside units. So, since the start of October they've sold one Waterside unit and two Fountainside villas.

Also some positive info on inquiries increasing and so on.

[zangdook] 12/11/2024 15:24

tangential relevance

[zangdook] 15/8/2024 06:15

ouch again

property revaluation this time.

[zangdook] 17/5/2024 08:58

Ouch, NAV under a pound. I wonder if it's property revaluation or money being spent that's knocking it down every time.

[elsa7878] 16/4/2024 12:25

Yes they were. No I'm not.

[zangdook] 16/4/2024 12:23

If yours were the two 25k trades you got a good price. Are you using DMA?

[elsa7878] 16/4/2024 08:17

Need to keep the sales coming to chip away at the debt or the NAV just resets every year to account for the interest payments and management fees and running costs. A 20% debt reduction is certainly welcome. The question is when will all of the units finally be sold...
Been watching this for years and finally bought 50,000 today. Even if the sales take 3 years and even allowing for a 15% discount to market value to sell the remaining units then there should be at least 50% upside here and possibly more. Worth a punt.

[quepassa] 16/4/2024 07:09

Very good news on three fronts.

-big jump in sales
-significant debt reduction
-massive relaxation in property buying restrictions

[zangdook] 16/4/2024 07:08

If they can keep up the momentum this is too cheap.

[livewireplus] 16/4/2024 07:05

RNS: Macau Property Opportunities Fund Update on Macau Property Market and Divestment

[quepassa] 01/4/2024 08:10

Extremely upbeat and positive article in today's FT, page 8, about gaming revenues and return of mass market tourism. Strong IMF growth forecasts.

" Macau is doing amazingly well" comments a senior industry figure and Co-Chair of one of the pre-eminent international casino groups.

See today's FT for full details and context.

[livewireplus] 09/2/2024 07:04

Quarterly Net Asset Value Update RNS is out approx 104p 

[quepassa] 02/2/2024 08:55

yawn. yawn. yawn.

[zangdook] 02/2/2024 08:45

Perhaps you could take Penha Heights off the company's hands - a fitting home for a Count.

Seriously, does the share price make any sense to you? Is the atmosphere gloomy? I used to live in Zhongshan, just up the road. I haven't been to Macau for over a decade.

[the count of monte_cristo] 02/2/2024 08:38

Zangdook, I live in Macau.

[quepassa] 15/12/2023 16:03

yawn. yawn. yawn

[zangdook] 15/12/2023 15:45

It's getting quite cheap. Meanwhile, Macau keeps developing.

[zangdook] 15/11/2023 11:55

Money coming back to Macau?

[quepassa] 18/7/2023 09:24

Official stats reveal that new approvals by Macau banks for residential mortgage loans soared by circa 70% in the month of May to $326million compared to previous month.

all imo. dyor.
qp

[zangdook] 14/7/2023 07:03

still trying to untangle a couple of platitudes, Queep?

[quepassa] 09/6/2023 07:18

It's finally turned.

Macau's Residential Property Price Index has risen by just short of 1% from February to April 2023 (O.9%).

Looks like the market has bottomed and has finally turned positive according to Official statistics.

Excellent news for the Macau residential market which hopefully will now be reflected in future upwards portfolio revaluations for MPO.

ALL IMO. DYOR.
QP

[quepassa] 04/5/2023 09:58

-JP Morgan reports that mass market demand/visits had possibly recovered to over 90% of pre-covid levels recently.

-VIP visitors staging an unexpectedly strong recovery


-Rebounding tourism, gaming revenues, economic initiatives will likely now support prices and demand for real estate.

-Many sources are pointing to the beginning of a recovery for the property sector with a incipient rising of the Property Price Index and rising residential rents.


all imo. dyor.
qp

[quepassa] 31/3/2023 15:44

Great news.

-Moody's has just affirmed Macau's AA3 Rating and maintained stable Outlook.


-Major efforts underway to revive economy.

-Some free and subsidised travel to encourage tourists and more than 40 projects in local communities are receiving government subsidies to attract visitors.


All will help to boost Macau economy which in turn will support property prices in the post-pandemic era.

ALL IMO. DYOR.
QP