|Day's range||35.150 - 36.200|
|52-week range||27.700 - 39.300|
|PE ratio (TTM)||30.60|
|Earnings date||10 Aug 2017 - 14 Aug 2017|
|Dividend & yield||0.26 (5.69%)|
|1y target est||38.26|
While Hong Kong has been roiled by protests and calls for independence from China, things have been quieter in the neighboring gambling center of Macau, which has seen little dissent to rule from Beijing. The calm in the former Portuguese enclave, now a special administrative region of China, is partly the result of a multi-decade effort by Beijing to exert its authority over the territory. In the decade before the handover in 1999, the Chinese government handpicked a group of about 40 young graduates from across China and placed them in key government departments, according to former officials familiar with the process.
Judges in the Chinese-controlled territory of Macau found a former top prosecutor guilty of more than 1,000 charges on Friday and jailed him for 21 years, public broadcaster TDM reported. The verdict against Ho Chio Meng, who was once tipped as a candidate to head the former Portuguese colony that reverted to Chinese rule in 1999, brings to an end the most high-profile graft case in the world's largest gambling hub in more than a decade. Ho was first charged last February after Macau's anti-corruption agency launched a criminal investigation against him.
Nomura analyst Richard Huang is forecasting a 33% year-on-year growth pace for June Macau gaming revenues. Gaming revenues (GGR) trends in Macau have remained strong. While there has been some profit taking on Macau casino stocks in the past week, Huang remains upbeat about the sector’s medium-term prospects.