00200 MELCO INT'L DEVWatchlist
About MELCO INT'L DEV Company
Macau International Development Limited (“Xinhao”) or (the “Company”) was founded in 1910 and listed on the Hong Kong Stock Exchange in 1927. The city has a long history and a bright future. Today, under the outstanding leadership of Mr. Ho Yulong, Chairman and CEO of the Group, City Hall has injected fresh strength and set a new direction, striving to become a dynamic group leading the leisure and entertainment industry. Today, a new generation of consumers is becoming more and more affluent and eager to pursue new experiences and lifestyles to make life richer and more exciting. As a new generation of Asian companies, the companies of the City Dream Group will continue to advance in line with the changing social times, making every effort to develop innovative products and services to fully satisfy customers' pursuit and dream of a superior life. Confidence makes us progress, progress makes us more confident Just like the Asian economy, which is currently booming, continuous progress has always been the primary purpose of the city. Our company is confident in carrying out its business, all due to the unprecedented success achieved in recent years in repositioning the business to achieve long-term growth and developing unique or patented products and services, which has enabled the Group to maintain a leading position in the market. The City of Dreams Group has received many awards over the past few years, which confirms that we are moving in the right direction. The City Hall Group is the first entertainment organization to receive the “Hong Kong Corporate Governance Excellence Award 2009” jointly awarded by the Hong Kong Chamber of Commerce of Listed Companies and the Centre for Corporate Governance and Financial Policy Research of Hong Kong Baptist University. In 2013, for the eighth year in a row, City of Dreams was awarded the “Asian Corporate Governance of the Year Award” by the “Asian Corporate Governance” magazine, and has been awarded “Hong Kong's Best Investor Relations Company” by the magazine for four consecutive years since 2011. Meanwhile, Group Chairman and Chief Executive Officer, Mr. Ho Yulong was selected as one of the “Best CEOs in Hong Kong” by “Asia Finance” magazine for 5 consecutive years in 2014, and was awarded the “Asian Business Leader Achievement Award” by “Asian Corporate Governance” magazine for the second year in a row in 2013. City of Dreams is the initiator and signatory of the “Hong Kong Corporate Governance Charter” of the Chamber of Commerce of Hong Kong Listed Companies. The purpose of the agreement is to enhance and promote the corporate management culture of Hong Kong listed companies.
Changes in Hong Kong stocks | Sands China (01928) rose more than 5%, leading the gaming stock Citigroup expects Macau's gaming revenue to reach MOP 17.5 billion in December
Gaming stocks rose across the board. As of press release, Sands China (01928) rose 4.7% to HK$21.15; MGM China (02282) rose 3.57% to HK$8.7; and Huicai Holdings (01180) rose 2.25% to HK$0.91.
Changes in Hong Kong stocks | Gaming stocks rose again, Huicai Holdings (01180) rose nearly 6%; Macau's gross gaming revenue rose 4.35 times year on year in November
Gaming stocks rose again. As of press release, Huicai Holdings (01180) rose 5.88% to HK$0.9; Sands China (01928) rose 2.55% to HK$20.1; and City of Dreams International Development (00200) rose 1.15% to HK$5.28.
Hong Kong stock concept tracking | More than quadruple year-on-year increase! Macau's gross gaming revenue in November was in line with expectations, and the gaming industry's recovery momentum was on the rise (with concept stocks)
On December 1, the Macau Gaming Supervision and Coordination Bureau of China announced that Macau's gross gaming revenue for November was MOP 16.04 billion, up 435% from the previous year, which is basically in line with Citi's previous forecast of MOP 16 billion.