Macau Property Opportuni... Share Discussion Threads

[lord orphan] 09/2/2007 09:46

Interims due 16 Feb. Manager's UK roadshow in early March.

[don muang] 31/1/2007 10:03

Shun Tak Managing Director Pansy Ho said in a forum at Expo Real Asia in September that she believes Macau still has room to absorb thousands of new residential units over the next few years ....

[don muang] 31/1/2007 08:34

three months ago then share price was in two figures .... now offer at 111.5p although highest buy that's gone thru was at 111p
so greater than 10% return on share price over last three months. let's see if that rate continues thru 2007 .....

[don muang] 27/1/2007 09:53

..... With such a promising outlook for the Chinese property market, the Pearl River Delta is the focus of most investor attention after Beijing and Shanghai....
..... The planned HK-Zhuhai-Macau Bridge is expected to lift the real estate market in the Pearl River Delta to new heights ....



PS: Note that the Hong Kong-Zhuhai-Macao Bridge Task Force held its first meeting on 9 January 2007 in Guangzhou.

[don muang] 26/1/2007 23:42

here's the Virgin casino info:

[grippa] 26/1/2007 14:18

Nice to see rise in share price over the last few days.

[don muang] 26/1/2007 10:19

RNS Number:1947Q
Macau Property Opportunities Fund
26 January 2007

Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, is pleased to announce the launch of its website which is available at
www.mpofund.com

[energyi] 19/1/2007 02:18

DIVERSITY IN MACAU'S Property Market

Rich and Eminent
Flats at The Manhattan are priced at $3,200 per square foot and the smallest flat is 1,600 square feet, so the building isn't aiming at casino floor workers. Jimmy Yeung, sales director of Midland Realty Macau, says that the target clients of this kind of selective luxurious apartments are not ordinary families, but moneyed classes from greater China and around the world. Macau has gotten on the jet set's radar as it begins to add world class shopping and other facilities, so it follows that Macau should have some world class homes as well. With the support from these four types of buyers, international investors still believe there's a healthy market for luxurious apartments in Macau.

No Fold Forecast
"I cannot say for sure how many fold the price of real estates in Macau will go up in the coming year, the year after next year or at any specific time," Rico Kwok of Centaline admitted. "But from my experience as a practitioner in the purchase and sale of properties and based on my own data analysis: first, I cannot see by any chance that the property market of Macau will adjust downward in the future; second, the property market of Macau enjoys a variety of conditions for it to appreciate, especially [since] the prices of real estate remain moderate and luxury apartments are fully fitted with the necessary amenities".

Midland's Yeung pointed out, "In the future, the price of luxury apartments and that of old Chinese building and flats diverge farther and farther. Since there are sufficient buyers who favour luxury apartments, their prices will simply go up and never come down. People will sell old Chinese buildings and flats, which have relatively less attractive conditions, when they change apartments. There are many old Chinese buildings around, thus their prices are being pushed down. If people simply wish to have a place to live, the people of Macau still have sufficient choices."

For most workers, rises in salary cannot catch up with the rise flat prices. But more local people are becoming rich and the number of rich people coming from abroad to Macau is on the rise. A bowl of wonton noodle soup will never be HK$10 again, and the era of HK$800 square foot luxury apartments is already a part of history. Neither one is likely to come back.

...more:

[grippa] 18/1/2007 13:09

Me too...lets hope we backed the right horse!

[don muang] 17/1/2007 17:18

MCAU opened at a largish premium to start with .... no idea why the difference between the two.... let's see what the future brings .... I can only justify one Macau holding in my investments - so I'm sticking with MPO...

[grippa] 17/1/2007 16:53

Any idea why MCAU is at such a premium to MPO? MCAU floated just a few weeks ago and is already up 19% whereas MPO has been around here for ages, ticking up very slowly?

[don muang] 15/1/2007 12:27

Quarterly update out:

Highlights
* Three acquisitions announced totalling USD148 million
* Progress ahead of schedule with 80% of funds committed
* Eight further sites under negotiation worth approximately USD220 million
* Residential market boosted by interest rate cut and launch of key
developments
* Strong reception to launch of premium residential development 'One Central'

[don muang] 10/1/2007 15:10

PS: .... and at least it's blue so far today .... unlike other 'Asian' stocks such as LDC, VOF, VNH.... !!

[don muang] 10/1/2007 07:32

ok ... energyi .... thanks for that.... I've never been to the new aiport but remember the views on the way in to the old one the many times I flew in to it.

only problem in investing in Macau if you deal via UK is that there are very few options open to you if you're only a PI. MCO was the first available way via the LSE. As far as I'm aware, even with Macau being 'hot', there is now only one other Macau fund avaialable via LSE. Even though it's now much easier dealing internationally than previously, then with extra transaction charges, more slippage, and 'funny' exchange rates, then don't think it'll be cost effective for UK based PI's to deal in HK listed shares. (I gave up trading Canadian listed shares for such reasons). So personally I'm still happy to hold MPO, but will monitor your other thread with interest....

[energyi] 10/1/2007 06:46

Macau is already the biggest gambling location in the world
- per Bloomberg yesterday

I'm keep a close eye on this
I live next to the Hong Kong Int'l airport, walking distance from where the
Macau-Hong Kong bridge is meant to touchdown in 2010-2011

I'm not at all convinced that MPO is the best way to invest in Macau.
there are many HK-listed co's that invest in Macau that look cheaper

I am developing this theme on a new thread:
HKS:

[don muang] 03/1/2007 18:44

gambling billionaires Sheldon Adelson, Steve Wynn, and Kirk Kerkorian are building new resorts .... In all, foreign investors are staking $20 billion on making Macau into the gambling capital of Asia.

[grippa] 02/1/2007 11:21

Nice steady rise over last few weeks.

[don muang] 22/12/2006 08:15

Seems a thread has been started (by energyi) for the other Macau fund that started recently (MCAU). MCAU have purchased 243 residential units across the six tower developement - whilst MPO has gone ahead and purchased a whole tower.
Merry Xmas and Good Luck for 2007 to all holders of any Macau funds.

[don muang] 21/12/2006 16:58

interesting transaction(s) declared after hours .... 1m shares at 102.5 / 102.75

[don muang] 19/12/2006 08:05

not in Macau ... but an interesting transacton in adjacent HK:

Sun Hung Kai Properties wins Peak site for 1.80 bln hkd in HK govt land auction

HONG KONG (XFN-ASIA) - Sun Hung Kai Properties was the winning bidder for
the 79,147-square foot luxury housing site at the Peak offered for sale in
today's government land auction, with a bid of 1.80 bln hkd, it was announced.
A company spokeswoman declined to give other details.
Today's land auction was Hong Kong's fourth in the current fiscal year to
March.
The site, located at 12 Mount Kellett Road, Peak Pavilions, offers a
maximum developable gross floor area (GFA) of 42,700 square feet upon
completion.
The sale price translates to 42,196 hkd per square foot of GFA, a new record
in government land auctions in Hong Kong.
Analysts had expected the site, which had a minimum guaranteed bid of 768
mln hkd, to fetch up to 1.194 bln hkd.
Sun Hung Kai beat other developers who participated in the auction,
including Cheung Kong, Sino Land and Hang Lung Properties.
[e-mail]

[grippa] 02/12/2006 17:13

I think it's a great deal, best location on the island!!

[lord orphan] 01/12/2006 17:39

The price paid by the Icelanders is for unfinished apartments. The MPO price includes high quality finishes. MPO have the better deal.

[woracle] 01/12/2006 00:14

Not quite..but ours is a bit smaller. They paid 4400HK$/sqft, we paid 4550HK$/sqft. Lets hope the deal was in HK$ cause it would be 5% cheaper now in GBP terms !

[grippa] 30/11/2006 19:03

MT. very interesting article. Seems like MPO got their tower cheaper than the Icelanders, although may be smaller?