Analysts also favor SJM Holdings stocks

Morgan Stanley revises growth estimates for Macau

(Macau).- Morgan Stanley has revised its 2011 gaming revenue growth estimates for Macau casinos from 30 % to 38 %, and 2012 growth from 10 % to 13 %.
2011-06-16
Reading time 13 seg

In an investors note, analysts Praveen K. Choudhary and Calvin Ho say that “in the first five months of 2011, gross gaming revenue in Macau recorded 43 % year-on-year growth. That, along with abundant liquidity and new supply (Galaxy Macau) should drive further upside to consensus earnings estimates.”

The two analysts continue to favor SJM Holdings stocks.

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