Singapore won’t hurt Macau’s gaming market, says UBS’s Grant Chum during recent investor call, reported Dow Jones Newswires.
For mass market, Macau is about Hong Kong, Guangdong while Singapore’s about Southern Malaysia, Singapore, and, over time, parts of Indonesia, rest of Malaysia, he says.
Singapore won’t hurt Macau’s gaming market, says UBS’s Grant Chum during recent investor call, reported Dow Jones Newswires.
For mass market, Macau is about Hong Kong, Guangdong while Singapore’s about Southern Malaysia, Singapore, and, over time, parts of Indonesia, rest of Malaysia, he says.
Straits Asia Resources (AJ1.SG) appointment of a new CEO is doing little for share price. While stock did gain 1.5% to $2.05, volume remains thin at just over 1.3 million shares vs daily average of 15.9 million last week.
Sentiment was bogged down lately in part by uncertainty over whether Richard Ong’s contract as CEO will be renewed when it expires in May. However, the coal miner instead names board member Martin Purvis as new chief with immediate effect.
