HALISTER1: Macau Faces Threats From Weaker Yuan, Shanghai Disney: MS Survey

Macau Faces Threats From Weaker Yuan, Shanghai Disney: MS Survey

(Bloomberg) -- AlphaWise survey of 1,000 Chinese gamblers shows 55% said they would shorten their stay or search for cheaper options if yuan depreciated, Morgan Stanley analysts including Praveen Choudhary write in note.
  • 30% of Chinese gamblers surveyed said they might visit Macau less often once Shanghai Disney opens
  • Dependence on UnionPay cards for cash remains high at 60%
  • Wynn Macau raised to equal-weight vs underweight, PT raised to HK$11 from HK$10
  • Melco Crown cut to equal-weight vs overweight, PT lowered to $15.50 from $16.50
  • NOTE: Shanghai Disney theme park opens June 16
  • Earlier, Hidden Earpieces in VIP Rooms Show Macau Money Laundering Risks
  • NOTE: Nov. 12, Macau Casinos Fall on Report China to Regulate UnionPay Use
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
MPEL US (Melco Crown Entertainment Ltd)
MS US (Morgan Stanley)
WYNN US (Wynn Resorts Ltd)

People
Praveen Choudhary (Morgan Stanley Asia Ltd)

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UUID: 7947283

HALISTER1: INSIDE SINGAPORE: Currency Steady Ahead of Nikkei Singapore PMI

INSIDE SINGAPORE: Currency Steady Ahead of Nikkei Singapore PMI

(Bloomberg) -- SGD steady after two days of gains and following 2.4% decline in May; Nikkei Singapore PMI due 9pm local time.
  • May PMI likely slipped to 49.7 from 49.8 in April, according to median est. in Bloomberg survey
  • USD/SGD steady at 1.3769, consolidating below 100-DMA at 1.3806, slow stochastics falling from over-extended territory; click here for chart
    • Options expiring today include 1.3600 strikes for $130m
  • SGD/MYR closed yday at 3.0092, above 200-DMA at 2.9981 for first time in more than two months; MACD above signal and zero line
  • Singapore checking taxpayers in Panama papers for compliance
  • Six-month swap-offer rate down 2 bps to 1.41637% on June 1
  • 10-year govt bond yield fell 2 bps yday to 2.2191%
  • SGD 5-year interest-rate swaps steady at 2.1450%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Hidden Earpieces in VIP Rooms Show Macau Money Laundering Risks

Hidden Earpieces in VIP Rooms Show Macau Money Laundering Risks

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
MPEL US (Melco Crown Entertainment Ltd)
880 HK (SJM Holdings Ltd)

People
Chan Ying Tat (Melco Crown Entertainment Ltd)
Chi Kwok (Association of Gaming and Entertainment Promoters of Macau)
Jamie Soo (Daiwa Securities Group Inc)
Leong On (SJM Holdings Ltd)
Lionel Leong Vai-Tac (Macau Special Administrative Region)

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UUID: 7947283