Get set for 50 pct jump in local casino stocks: Morgan Stanley
HONG KONG – Macau casino shares are poised for a 50 percent rebound if history repeats itself, according to Morgan Stanley.Based on the last cycle that ended in July 2012, shares are set to recover on the back of improving earnings, followed by a sharp correction, analysts Praveen K Choudhary and Jeremy An wrote in a note late last week. A Bloomberg Intelligence index for Macau casinos has tumbled more than 30 percent since this year’s peak in May as gaming revenue growth slowed and
September 21, 2018 | BY admin