Credit Suisse has expressed its belief that the prospects for Macau’s gaming stocks appear far more promising in 2016 – the result of growing “high-end demand,” which began in the second quarter of last year. AAStocks Financial News credits the research house with saying that it expects a reasonable return on capital investment in the low teens for the gaming sectors’ new projects. In spite of this, the broker cut its 2016–2017 forecast for gaming revenue growth to between 8 and 12 percent, claiming that net profit could see growth of between 10 and 21 percent. Other analysts have been less optimistic in their outlook, predicting that Macau’s slump might not end until as late as 2017. According to AAStocks, Credit Suisse’s top pick is Galaxy Entertainment. The target price has been trimmed from USD37.6 to USD35.7.
Airport’s new regulations take effect
The Civil Aviation Authority of Macau (AACM) put new regulations into effect on January 1 concerning the containment of portable electronic devices with lithium batteries and spare lithium batteries on aircraft. The new regulations state that electronic devices featuring these batteries will be permitted both in hand and in checked-in baggage, provided that they do not exceed 2 grams of lithium content or a watt hour rating of 100Wh (for lithium ion). If the lithium content exceeds the maximum amount, the decision to transport the item is subject to the carrier’s approval.
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