Major cruise lines have been pushing back their planned dates to resume sailing as the Covid-19 pandemic drags, helping to dampen a fourth-quarter rally in stocks.
Lower operating costs and a better business mix are likely to have helped the bottom line of Macau’s operators in the fourth quarter, despite continued low revenues, Morgan Stanley says.
Capacity expansion, Chinese exploration and concession extension are likely to lead to outperformance of Macau’s gaming stocks in the second half of this year after a sluggish start, according to analysis from Morgan Stanley.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Casino stocks are rallying in anticipation of a strong year in 2021, as Covid-19 comes under control and people resume visiting, CNBC stock picker Jim Cramer says.
After the vaccine-induced stock euphoria earlier this month, Covid-19 has returned to dampen investor enthusiasm.
The pushback in timing for the Hong Kong/Singapore travel bubble dented market sentiment, pushing stocks in Macau gaming companies down by 3.2-6.5 percent, but is unlikely to have a significant impact on Macau's prospects, Morningstar research wrote in a note.
Macau-related casino stocks took a hit on the news that China's legislature was reviewing an amendment to the country's criminal law that could establish a new criminal definition for overseas gambling operations aimed at luring Chinese citizens.
Asia’s gaming stocks have been pummelled by the outbreak of the coronavirus, but with signs China may be bringing the disease under control, is it nearing the time to re-enter the market?
South Korea’s gaming companies have all seen their stock prices hammered by the Covid-19 crisis, though with varying intensity. Paradise Co. was one of Monday’s...