12 Burst results for "Galaxy Entertainment"

"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:28 min | 1 year ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"Down now seems like the fed wants expanded his credit swap lines with with central banks that that really has put a little bit more common to these markets yes definitely we all know that a strong dollar for example is very bad cold for emerging markets economies a registered business wondered it actually took so long for the fed to to actually increased diesel blinds if before the central bank because it was a cable to be detected be useful eagle nine right constituency crisis to the coast and the the U. S. dollar shortage they be beheaded a lobby making market so yes that is one of the the stresses that have basically been removed because of the central bank activity but will only look at the situation today I think there's a limit to how much central bank can actually do because what what they have been doing is definitely helping reduce funding requirements reducing funding costs but well that helps in expanding it doesn't compensate for the lost the money and the most the money aspect is the one that is I think has that hasn't really been affected in yet in market places pretty good at this that was coming from China I think the Chinese authorities have been quite reticent to open up the physical test in what they've done so far is we need to kind of counteract their supply chain disruptions that you had from the local bounds I don't think they respect it in at the Monte structure because of the slowdown in in Europe and the U. S. for example probably didn't send more fiscal stimulus has become coming from China in other parts of the world is going to kind of compensate for the loss of the month all right they're all have a great weekend thank you so much earlier CIO investments that rail Singapore I just won't break these lines alert here at Lisa from S. and P. they're talking more about the casino sector particularly in this part of the reason they're not expecting visits to Asia Pacific as you know as well drop sixty to eighty percent in the first half so we already had seen pretty much a down draft day when it comes on these casino starts when Macau falling more than three percent same for galaxy entertainment MGM China down some six percent we have seen more cases of infections in Macau all of weights and even though they did go through that fifteen day a shot down it seems like business still very much slow to return to normal given to the travel restrictions that we've seen so still seeing some downside here with him because you know stocks.

fed China Europe Lisa Asia Pacific Macau MGM China CIO
"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:33 min | 2 years ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"Been up and running for about a half hour now hang sang shown some weakness if you're joining us from the region good morning I'm a Christian or the Bloomberg interactive brokers studio in New York and good afternoon from me Paul Allen in Sydney was just gone one minute past at one PM on Wednesday sing a little bit of a risk on sentiment returning to markets here to tell us all about it Bloomberg's Brian Curtis Bryant will fall thanks very much yes many of the markets are trading higher but let's focus on Hong Kong first because it's the market that had not been trading earlier in the week at all banking index down two point six percent seven hundred twenty five points not a single stock higher among the fifth fifty in the hang Seng index you might be interested to hear though that ten cent is the closest perhaps to to trading unchanged it's it's actually at three hundred eighty five dollars and eighty cents just down about a nickel or so so that's about the only stock that is close to the start line otherwise you see some of the account gaining shares getting hit the hardest was looking at sands China down five and a half percent and also galaxy entertainment a string down five point one percent in terms of of the other markets while the Nikkei is up four tenths of one percent the SX two hundred recovering about six tenths of one percent and the coffee is now up about four tenths of one percent so we we don't have any trading in China today still on holiday and the same for Taiwan but the straits times index in Singapore I see a gain there of about a quarter of one percent the Chinese currency the one in the offshore markets trading at six ninety six twenty five little bit of weakness there Dolly and one oh nine eighteen so that's not a lot of strength in the yen today and WTI crude fifty three dollars and ninety three cents up about eight tenths of one percent also the yield on the ten year as recovered about five basis points from this time yesterday one point six five percent does to you okay Brian thank you so we know that the corona virus has spread further and we're getting some clarification on the death toll one hundred thirty two and the number of cases has surged to about five thousand seventy four we're also hearing here in the US that the White House is basically clarified and said that it has not asked for a suspension of flights between China and the U. S. so China's national health commission is saying there is a more than seventeen hundred cases twenty six deaths reported it just on Tuesday and that includes the first death in the capital Beijing yeah we have sixteen cities in China on lockdown an estimated forty six million people have been impacted Paul in in Hong Kong we have authority study to clamp down in an effort to Lynn limit contagion city has restricted to travel from the mainland China market surge should go to re open on Monday after an extended the lunar new year break and the B. B. R. C. is pledging to kind of liquidity of got more from Bloomberg sherry on market players are being urged to evaluate the impact of the corona virus objectively even so Chinese authorities are braces for a potentially tumultuous the when trading resumes the P. B. O. C. said along with the potential selloff in Chinese stocks there's a large amount of funds coming to you on Monday separately China's at top security regulator told brokerages to prepare for off site training in the marketing for structure is expected to be strained in addition to a return of equity trading the P. B. O. C. said the interbank suffering credit gold and currency markets will also re open Monday show me on Bloomberg daybreak Asia well after the bell here in the U. S. we had the numbers from apple the company reported record revenue and profits for the holiday quarter total revenue ninety one point eight billion that's up from last year by about nine percent John Butler is senior telecom analyst for Bloomberg intelligence he said the results were not just about the iPhone apple use to really be chastised smart phone company I think those days are over you know we're seeing better balance across the business and I think we're going to continue to see that growth in other areas and so this story will become one of not just the iPhone but also about the watch and air pods and services and content well the earnings conference call apple CEO Tim cook said the company's closely monitoring the impact of the corona virus and sees the is it limited travel to critical areas impacted by the virus we have limited travel to business critical situations as of last week with respect to the supply chain we do have some suppliers in the Wuhan area with respect to supply sources that are outside the area the impact is less clear at this time the re opening of those factories after Chinese New Year has been moved from the end of this month to February tenth with respect to customer demanded sales we've currently closed one of our retail stores many of the stores that remain open have also reduced operating hours and the outbreak could impact production of the I. phone nine that was expected to begin next month yeah we had apple shares up one point five percent in late US trading here we are six minutes past the hour global news now at Baxter tracking the story on the corona virus and president xi in China saying he sure.

"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:26 min | 2 years ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"That maximum pressure campaign I'm announcing that the United States is imposing sanctions on the Chinese entity suing wishing wrong and its chief executive humanly they violated US law by accepting crude oil we said all along that any sanctions will indeed be enforced now to put things in perspective China did initially receive a waiver from the U. S. on those sales along with seven other countries however those waivers expired at the beginning of may specs for Macau casino operators may be brightening we get more on that from Bloomberg's Yvonne man JP Morgan chase is says the high rollers are coming back and analysts surveyed by Bloomberg say five of six major operators are expected to show a profit gain in the quarter there's a McAlister's you know operators are also getting traction from the promising mass market segment that's as big cal tourist arrivals hover at record levels boosted by a new bridge linking Jew height to Macau and Hong Kong the analysts say and GM China holdings will probably report the strongest earnings growth rate thanks to the opening of the new co tat resort last year galaxy entertainment group profit may fall they say and that was seen as low V. I. P. demand there in Hong Kong on the five men Bloomberg daybreak Asia and most of those casinos higher in early Hong Kong trade we will set a crown results and see the up seven tenths of one percent in getting in Singapore up by around half of one percent your thing weakness so incensed China listed in Hong Kong it is down by nine tenths of one percent I also was watching twenty four of twenty five stocks which debuted yesterday on China's starboard have actually full and today in early trading but remember there was that very very solid debut because there are a lot more people wanting to buy and I shares and could get in on the I. P. O. me sort average rise at a hundred and forty percent on that stumbled to analysts have been warning us that so we could see a little bit of it come down today China brokerages also falling as earnings from these tech board a scene is priced in Morgan Stanley say early excitement for the stock market white give a mating full boost to the broader market having a look at those border markets Japan's Nikkei index is up eight tenths of one percent twenty one thousand five hundred ninety three points on a weaker yen which is tracking at a hundred and eight to the dollar and we have seen some pretty positive moves coming through in Australia South Korea New Zealand and Taiwan as well in early trade and the Hong Kong hang sang index is weakened by a tenth of one percent twenty eight thousand three thirty five points on the open China seaside three hundred excuse me is a firm out up by about a tenth of one percent at three thousand seven hundred and eighty six points China has also set you on fixing a week at six foot eight H. one eight to the US dollar that's down around the tenth of one percent from where we sort yesterday and also in the currency market the key way leading declines off by a third of one percent sixty seven spot three nine to the dollar after the audience it said it's revising its strategy for unconventional monetary policy leading some investors to speculate that domestic interest rates will stay low for a long time this week look at the oil market said Doug is stabilizing a little WTI crude fifty six dollars twenty gold is weaker fourteen hundred and seventeen dollars an ounce speaking of strategy China has changed its tactics in dealing with the six week old Hong Kong protest let's get to global news now at Baxter.

United States one percent fifty six dollars seventeen dollars forty percent six foot six week
"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:48 min | 2 years ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"Daybreak Asia it is eight thirty AM in Hong Kong and here in Singapore on Juliet's Ali we've got training under way in Sydney Tokyo and Seoul and were an hour away from trade in Hong Kong and Shanghai to the top stories of the day though and China is considering a plan to boost purchases of US soybeans and is one of more high level talks with US officials possibly going to China for those talks CEOs of U. S. tech companies gathered at the White House Monday to talk among other things about the U. S. ban on the Chinese telecom equipment giant Huawei Intel and Qualcomm were among the seven companies at that meeting the White House is unfair international trade practices five G. technology and the U. S. job market were on the agenda the White House is the CEO is expressed strong support of the president's policies meanwhile president trump has ordered the defense department to spur the production of a bunch of rare earth magnets they used in consumer electronics military hardware and medical research now the president has invoked the sixty nine year old defense production act to remedy what he calls a shortfall in U. S. production his name in the done him and Samaria in particular his concern is that China may begin restricting exports of the products we'll prospects for Macau casino operators maybe brightening we get more on that from Bloomberg's Yvonne man JP Morgan chase is says the high rollers are coming back and analysts surveyed by Bloomberg say five of six major operators are expected to show a profit gain in the quarter there's a McAlister's you know operators are also getting traction from the promising mass market segment that's as big cal tourist arrivals hover at record levels boosted by a new bridge linking Jew height to Macau and Hong Kong the analysts say and GM China holdings will probably report the strongest earnings growth rate thanks to the opening of the new co tat Rizzo last year galaxy entertainment group profit may fall they say amid was seen as low V. I. P. demand there in Hong Kong on the five men Bloomberg daybreak Asia well lets get a close look at how things are going here for the Asian trading session and decrease that looking a lot better than it was yesterday yeah indeed it is and I'm surprised at the move now in the Nikkei were up about one percent were waiting for some key eco data for Japan that department store sales machine tool orders that's going to be a critical number let's get to the Japanese capital and our bureau there Bloomberg's Jeff Sutherland is a standing by what do you make of what's happening Jeff well we are solidly in the green right now with the Nikkei up back yet point nine percent and is gaining momentum in the coming after the yen is the weaker for a third straight day we've got tech companies hire and then following the rally in the U. S. on the earnings we have softbank up that one point four percent we also got energy companies also higher with will prices the one of the biggest movers he that Starkey more than two point five percent it's rebounding after the biggest drop since two thousand and let him yesterday and that nine percent decline was investors reacting to the eleven billion dollar deal that the Japanese were made by a bee in their operations in Australia meanwhile investors are also preparing for earnings and even get started this week we got about two hundred companies to report and that includes Nissan we'll be watching for that back due to all right thanks to Bloomberg's Jeff Sutherland the end remains on the back foot a bit here against the dollar one oh seven ninety nine so let's call it one oh wait and that so relative to the U. S. dollar and the dollar meantime gaining against the majors or with the bluebird dollar spot index picking up about a tenth of one percent we got the U. S. ten year treasury now yielding two point zero five in the two Tokyo session always on the top of mind for the bond market the issue of the fed all odds now favoring a quarter point rate cut at this month's FOMC meeting we had a lot of folks up until I guess last week really pounding the table saying that the fed needed to move by a half point cut fifty basis points but the general consensus seems to be that the fed is going to take a more cautious or maybe a conservative approach to relaxing rates right now if you look at crude oil WTI fifty six sixteen Jeff was talking about the move higher in crude prices during the New York session we picked up about one percent given some of the geopolitical tensions in the Persian Gulf in Seoul cost me had a half of one percent and in Sydney the SX two hundred better by four tenths of one percent Juliet thank you double China has changed tack in dealing with the six week old Hong Kong protests and Baxter is covering all the global news in the believe that nine sixty.

Asia Hong Kong Singapore Juliet Ali one percent nine percent eleven billion dollar sixty nine year five percent four percent six week ten year five G
"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:04 min | 2 years ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"As a seven thirty AM in Singapore on husband almonds and I'm a Christian or the Bloomberg interactive brokers studio in New York top of the hour the action will begin in equity markets in Tokyo Sydney and soul will also get the resumption of trading in the U. S. sovereign debt the ten year treasury was last quoted in New York here at two point zero four percent we'll talk more about what's going on in markets in a moment right now house and I want to get you caught up on this hour's top business stories and China is considering a plan to boost purchases of US soybeans and as word of more high level talks with US officials possibly going to China for those stocks in top CEOs of some key tech companies here in the states gathered at the White House today they were talking among other things about the U. S. ban on the Chinese telecom equipment maker false way we were told that Intel and qual com were among seven companies in attendance now the White House says unfair international trade practices along with the issue of five G. technology and the U. S. job market those are the things on the agenda today White House says that CEOs did express strong support for the president's policies and doc prospects for Macau casino operators may be brightening more on that from the banks Yvonne man JP Morgan chase the says the high rollers are coming back and analysts surveyed by Bloomberg say five of six major operators are expected to show a profit gain in the quarter there's a McAlister's you know operators are also getting traction from the promising mass market segment that's as Macau tourist arrivals hover at record levels boosted by a new bridge linking Jew height to Macau and Hong Kong the analysts say and GM China holdings will probably report the strongest earnings growth rate thanks to the opening of the new co Thai resort last year galaxy entertainment group profit may fall they say and that was seen as low V. I. P. demand there in Hong Kong on Yvonne van Bloomberg daybreak Asia here in the states so the equity market kicked off the new trading week with a move to the upside we have more from Bloomberg Charlie Pellett an update for the down the S. and P. and nasdaq as investors await a slew of corporate earnings reports map Malia's equity strategist at Miller tabak media expectations which they deal with the always lower them enough of the explicit expectations are beaten the problem is that the guidance overall is still somewhat weak technology shares led the advance nasdaq up fifty seven a gain of seven tenths of one percent the S. and P. five hundred index up eight up three tenths of one percent and the Dow up seventeen up by one tenth of one percent in New York Charlie Pellett Bloomberg daybreak Asia all right we're thirty three past the hour let's get you caught up on what we're seeing right now is we get set for the trading session in Tokyo Sydney and soul were expecting a Japan department store numbers in a short while along with machine tool orders the end weaker against the dollar one of seven ninety Chicago Nikkei futures now are showing that we could be down maybe one fifty points or so when the cash market opens to the top of the hour and we could see a similar decline for the market in Sydney in the ASX two hundred here in the states after the bell are we heard from TD Ameritrade the company said that its CEO Tim hockey will leave after twenty twenty or sometime in twenty twenty shares were up this is TD Ameritrade three percent higher in the late U. S. session and then world pool after the bell reported second quarter on going EPS above estimates the company also lifted its guidance going forward at one point whirlpool shares in late US trading were up by about six percent the dollar remains firm against the majors with the Bloomberg dollar spot index higher by a tenth of one percent WTI crude oil mean time was up about one percent in the New York session we've been talking about a lot of the geopolitical tensions in the Persian Gulf U. S. Iran we'll hear more about that in a moment right now crude pulling in ever so slightly in the electronic session were at fifty six thirteen in the active contract all right us to you Doug speaking of tensions China's change tack in dealing with the six week old Hong Kong protests and Baxter has globally using the bluebird nine six so San Francisco newsroom ad and that's exactly right house China state media shared messages showing pictures of the aftermath Hong Kong's latest in an apparent effort at fanning anger against the demonstrators also pushing for stronger crackdown by authorities in the city this falls in a protest with roving groups of masked men attacking protesters meanwhile US president Donald Trump says of president xi Jinping is handling the situation responsibly I've never seen protests like it we have that many people it looks like two million people there's a big protest but I think the president the I I hope the president she will do the right thing and then he turns to North Korea there was a little car Spahn as recently were very positive correspondence with North Korea and there's no nuclear testing there's no missile testing there's no nothing Iran is threatening to execute the group it says is C. I. A. trains by seventeen people a stake in the custody Mr trump says it's alive considering respectful they put their finger up in the air and this spring and the summer they put their finger up in the air and they disrespected the United States should have done that that was a big mistake and the UK again is demanding the release of the oil tanker seized by Iran to buy a cell with you K. defense minister says it's ready to send a large presence in the area we simply cannot paschal each individual ship that is not a long term solution to this we need to recognize that there is a threat we do need to provide solutions that allow shipping to continue New York mayor bill de Blasio is calling for a full investigation of the latest round of power outages in the city it's very clear we have the question whether con ed as is structured now can do the job going four to whether we need to go to an entirely different approach he says he's lost faith in con.

Singapore New York Bloomberg interactive brokers one percent zero four percent three percent six percent six week ten year five G
"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:09 min | 2 years ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"Away and I'm a Christian or at the Bloomberg interactive brokers studio in New York in about an hour and a half from now will get trading under way and cash markets in Tokyo Sydney and soul right now Chicago Nikkei futures imply essentially a flat open for the Nikkei the end right now weaker against the dollar at one oh seven ninety we'll talk more about what's happening in markets momentarily right now let's get you caught up on this hour's top business stories China is considering a plan to boost purchases of US soybeans and there's word of more high level talks Doug with US officials possibly going to China for those talks meantime we have U. S. companies today here in the states a gathering at the White House possibly possibly to discuss the US ban on the Chinese telecom equipment maker qual way Intel in qual com we are told are among the companies attending that meeting and we're waiting for some word on exactly what transpired so in and prospects for Macau casino operators maybe brightening more on that from Bloomberg's Yvonne man JP Morgan chase is says the high rollers are coming back and analysts surveyed by Bloomberg say five of six major operators are expected to show a profit gain in the quarter there's a McAlister's you know operators are also getting traction from the promising mass market segment that's as big cal tourist arrivals hover at record levels boosted by a new bridge linking Jew height to Macau and Hong Kong the analysts say and GM China holdings will probably report the strongest earnings growth rate thanks to the opening of the new co Thai resort last year galaxy entertainment group profit may fall they say amid was seen as low V. I. P. demand there in Hong Kong on the five men Bloomberg daybreak Asia here in the states the equity market kicked off a new trading week with the move higher the story from Bloomberg Charlie palette on the dance for U. S. stocks as investors braced for a busy week of earnings and of course ongoing debate about the size of the next federal reserve rate move Janet Moore is global economist at Casanova capital they do set up a high expectation for which caught all listen a month so I think they would probably need to deliver it but probably twenty five basis point not fifty basis point the S. and P. five hundred index advanced eight points up three tenths of one percent the Dow up seventeen up one tenth of one percent and nasdaq up fifty seven a gain of seven tenths of one percent in New York Charlie Pellett Bloomberg daybreak Asia all right were thirty three past the hour let's get you caught up on the market action couple of things I want to add to a what Charlie was talking about with regard to the U. S. session after the bell world pool reported second quarter on going EPS way above estimates the company also lifted its earnings forecast though shares were up more than six percent in late US trading we also heard from TD Ameritrade after the bell the company announced that CEO Tim hockey will leave the company in twenty twenty those shares were up about three percent in late US trading now we have a the U. S. ten year treasury last quoted in New York at the yield of two point zero four after the bell president from saying that congressional lawmakers have reached a deal on a suspension of the debt limit we'll see if we get any price action in the U. S. sovereigns when the Tokyo trading begins in about an hour and twenty five minutes from now trading volume though in the U. S. was very light a lot of the chip makers responded favorably and those are related to the chip industry after Goldman put by ratings on micron technology lam research and applied materials and we should not forget the bullish call from Morgan Stanley on apple the company boosted its or rather the firm I should say boosted its a price target on apple apple shares today were up by about two point three percent now one of the reasons that we saw the nasdaq and that gain seven tenths of one percent is Charlie indicated Bloomberg dollar spot index right now higher just a bit we do have a weaker yen here at one oh seven eighty nine so even though we're not getting a lot of price movement in Chicago Nikkei futures maybe as the day wears on here given that the weaker yen we do get a lift in the Japanese equity market WTI crude oil another thing we're keeping a very close eye on given a lot of the tensions we've been talking about in the Persian Gulf right now in the electronic session crude at fifty six nineteen Selena to you in China has changed tack in dealing with the six week old Hong Kong protests at Baxter has global news of the bluebird nine sixty San Francisco newsroom at yeah you're exactly right Selena China's state media has error message you showing pictures of the aftermath of Hong Kong's latest protests an apparent effort to fanning anger against the demonstrators themselves it's also pushing for a stronger crackdown by authorities in the city as follows a night of protests with roving groups of masked men attacking protesters meanwhile US president Donald Trump says president she's jumping is handling the situation responsibly I've never seen protests like it we have that many people it looks like two million people there's a big process but I think the president the I I hope the president she will do the right thing Iran is threatening to execute the group that it says as C. I. A. train spies Mr trump says it is a lie that they are not U. S. train instead of being respectful they put their finger up in the air and in the spring of the thumb they put their finger up in the air and they disrespected the United States should have done that that was a big mistake Hannah U. K. again is demanding the release of the oil tanker seized by Arron Tobias Elwood UK defense minister says it is ready to send a large presence into the area to become a paschal each individual ship that is not a long term solution to this we need to recognize that there is a France we do need to provide solutions that allow shipping to continue New York mayor bill de Blasio is calling for a full investigation now the latest round of power outages in the city it's very clear we have to question whether con ed as is structured now can do the job going four to whether we need to go to an entirely different approach he says that he has lost faith and con Edison.

New York Bloomberg interactive brokers one percent three percent twenty five minutes six percent six week ten year
"galaxy entertainment" Discussed on WAFS Biz 1190

WAFS Biz 1190

04:35 min | 2 years ago

"galaxy entertainment" Discussed on WAFS Biz 1190

"By a long shot. The Bank put out adjusted pre-tax profit of six point three five billion dollars. The estimate was for five point six nine billion dollars revenue rose nine percent fourteen point four billion. That's also ahead of consensus and probably more important ahead of the increase in costs. So the CEO John Flint has finally achieved his goal of positive jaws ratio as it's called on the street meaning that revenue rises faster than expenses. They also said they'll make decision about buying back shares at the end of the first half. So a lot to talk about coming up on Bloomberg television this morning with UN. Stevenson, the chief finance officer of HSBC joins us for his first conversation of the day. Don't miss that interview in this hour. Take a look at some of the important assets to watch keep in mind that there are a lot of markets closed today. It is continues to be the Golden Week in Asia. So Japan is closed and China is closed as well. But we do see some indicators as to Asian economies here in Dr copper right now gaining about half a percent, you can see halfway down your screen there, but closing out its worst week one week price move since August, copper has had a really tough time unless it can recover a lot today. It will have been a bad week. Brent crude down again, seventy dollars and forty one cents last week. We saw Brad go up through seventy five dollars just briefly. And since come down yesterday, we were asking on the markets live blog was that the pink for twenty nineteen and then finally bitcoin five thousand four hundred seventy four dollars bitcoin has been holding up over more than five dollars for at least three weeks now. And as a lot of people have declared the digital. Currency dead. A lot of people take issue with even referring to it as a currency it continues to hold a pretty amazing amount of value for just a giant collection of zeros and ones. Let's check in now on the markets in Asia, those that are open for that we go to Rishaad Salamat in Hong Kong. Good morning. This going on. And it was all ahead of these Hang Seng was down a all this just a few hours ago. We haven't a recovery as we went into the lunch break school. We will be back in Hong Kong. Having good wreck. Do those HSBC extremely strong numbers? As specific equities pretty much flat. Kospi on the way down seven tenths of one percent. Asx two hundred one of the outlaws in Sydney, all these folks moving to the upside they had been depressed by the banks MacQuarie out saying that profit this year would dip a fraction quick look at some of those this dog should be bit of drag to the market. It is these casino related companies galaxy entertainment. Recovering Macau though in Macau down by one and a half percent. This is because of the catering to the high end of things gross gaming revenue. This could fall to losing zero knee in the second quarter and second half of the year. This is because VIP traffic is slowing down as yet to recover all of this coming from J P Morgan not just about a few hours ago, and then expecting a rebound in may, and June where they say that will indicate recovery just be done to base factors this year. So that's what we go with some of these gaming Stokes trading in Hongkong, but we are awaiting the reopen head hung for the HSI and getting reaction to those debated results. HSBC they compare with some of the other banks in this neck of the woods back to you. Rich. Thanks, very much Rishaad Salamat there. In Hong Kong would look at the Asian markets. Now corporate results season has given us more than a little bit of food for thought folks shares jumped after first quarter profit beat expectations. The car maker says it'll meet its earnings goal despite a global market slowdown and rising legal costs. Airbus earnings surged in the first quarter putting out higher numbers of the a three twenty narrow body jet the bane of my Inara existence. That's the rival though to Boeing's seven three seven max. Oh, very successful. But with investors weighing a somewhat balanced message from the Federal Reserve how much of a delicate moment is it in global business right now joining us to discuss this Benedict Comal, he's Bloomberg news senior editor on the global business team. Benny.

Hong Kong HSBC Asia Bloomberg Rishaad Salamat Macau senior editor CEO Hang Seng John Flint Airbus Boeing Japan Federal Reserve Brent Stevenson Brad UN MacQuarie
"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:05 min | 2 years ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"Come down yesterday. We were asking on the markets live blog was that the pink for twenty nineteen and then finally bitcoin five thousand four hundred seventy four dollars bitcoin has been holding up over more than five dollars for three weeks now, and as a lot of people have declared the digital. Currency dead. A lot of people will take issue with me even referring to it as a currency it continues to hold a pretty amazing amount of value for just a giant collection of zeros and ones. Let's check in now on the markets in Asia, those that are open for that we go to rich Almonte in Hong Kong. Good morning. This is going on at the moment. And it was all ahead of these numbers. Hang sang was down a lot more than this. Just a few hours ago. We hadn't a recovery as we went into the lunch break where. To the top of the hour. We will be back in Hong Kong having the direction. Do those HSBC extremely strong numbers? As Pacific equities pretty much flat. Kospi on the way down seven tenths of one percent. Asx two hundred one of the outlaws in Sydney missing Ozzy soaks moving to the upside they had been depressed by the banks MacQuarie out saying that the profit this year would dip a fraction quick look good. Some of those stones which will be getting a bit of drag to today's these casino related companies trying to galaxy entertainment, it's recovering Macau though in Macau. Down by one and a half percent. This is because of them catering to the high end of things gross gaming revenue. This could fall to losing legitimacy in the second quarter and second half of the year. This is because VIP traffic is slowing down is yet to recover all of this coming from J P Morgan and not just about a few hours ago and then expecting a rebound in may and June. But they don't say that will indicate a recovery and that will be done to base, right? This this. That's what we go with some of these gaming stocks trading in Hong Kong, but we are awaiting the reopen. Lingerie head Hong Kong for the HSI and getting reaction into the to those results coming out of the HSBC how they compare with some of the other banks in this neck of the woods back to you. Thanks very much. Rashad Salam out there in Hong Kong with look at the Asian markets. Now corporate results season has given us more than a little bit of food for thought, folks. Fogging shares jumped after first quarter profit beat expectations. The car maker says it'll meet its earnings goal despite a global market slowdown and rising legal costs. And Airbus earnings surged in the first quarter putting out higher numbers of the a three twenty narrow body jet the bane of my Inara existence. That's the rival though to Boeing's grounded seven three seven max. And so very successful. But with investors weighing a somewhat balanced message from the Federal Reserve how much of a delicate moment is it in global business right now joining us to discuss this has been addict Comal, he's Bloomberg news senior editor on the global business team. Benny good morning. Thanks for joining.

Hong Kong HSBC senior editor Macau Asia Federal Reserve Rashad Salam Boeing rich Almonte MacQuarie Benny Comal J P Morgan Ozzy Sydney Inara Bloomberg five thousand four hundred sev
"galaxy entertainment" Discussed on WAFS Biz 1190

WAFS Biz 1190

03:54 min | 2 years ago

"galaxy entertainment" Discussed on WAFS Biz 1190

"Chief finance officer of HSBC. He joins us for his first conversation of the day. Don't miss that interview in this hour. Take a look at some of the important assets to watch keep in mind that there are a lot of markets closed today. It is continues to be the Golden Week in Asia. So Japan is closed and China is closed as well. But we do see some indicators as to Asian economies here in Dr copper right now gaining about half a percent, you can see halfway down your screen there, but closing out its worst week one week price move since August of copper has had a really tough time unless it can recover a lot today. It will have been a bad week. Brent crude down again, seventy dollars and forty one cents last week. We saw go up through seventy five dollars just briefly and has since come down yesterday. We were asking on the markets live blog was that the peak for twenty nineteen and then finally bitcoin five thousand four hundred seventy four dollars bitcoin has been holding up over more than five dollars for three weeks now, and as a lot of people have declared the digital. Currency dead. A lot of people will take issue with even referring to it as a currency it continues to hold a pretty amazing amount of value for just a giant collection of zeros and ones. Let's check in now on the markets in Asia, those that are open for that we go to rich Almonte in Hong Kong. Good morning. This was going on at the moment. And it was all ahead of these numbers. Hang sang was down a low all this just a few hours ago, but we hadn't recovery as we went into the lunch break where on hold of the at school. So the top of the we will be back in Hong Kong having good recreation. Do those HSBC extremely strong numbers specific equities pretty much flat. Kospi on the way down seven tenths of one percent. Asx two hundred one of the outlaws in Sydney, but seeing all these folks moving to the upside they had been depressed by the banks MacQuarie ads saying that profit this year would dip a fraction quick look at some of those this which should be getting a bit of drag to the market. It is these casino related companies. Galaxy entertainment, and it's recovering Macau though in Macau. Down by one and a half percent. This is because of them catering to the high end of things gross gaming revenue. Video this could fall to single digits. In the second quarter and second half of the year. This is because VIP traffic is slowing down is yet to recover all of this coming from J P Morgan and not just about a few hours ago and then expecting a rebound in may and June. But they don't say that will indicate recovery, and that would just be done to base fight this this. So what we go with some of these gaming Stokes trading in Hong Kong, but we are awaiting the reopen off the lunch break hit Hong Kong for the HSI and getting reaction instantly to those better night's debated results coming out of the HSBC and how they compare with some of the other banks in this neck of the woods bacteria. Thanks very much for shot Salam out there. In Hong Kong would look at the Asian markets. Now corporate results season has given us more than a little bit of food for thought folks Wagner shares jumped after first quarter profit beat expectations. The car maker says it'll meet its earnings goal despite a global market slowdown and rising legal costs. And Airbus earnings surged in the first quarter putting out higher numbers of the a three twenty narrow body jet the bane of my Inara existence. That's the rival though to Boeing's seven three seven max. And so very successful. But with investors weighing a somewhat balanced message from the Federal Reserve how much of a delicate moment is it in global business right now joining us to discuss this Benedict Comal, he's Bloomberg news senior editor on the global business team. Benny good morning. Thanks for joining.

Hong Kong HSBC Asia Macau officer senior editor Boeing Federal Reserve Japan Galaxy entertainment Brent MacQuarie rich Almonte Benny Salam Sydney J P Morgan Wagner Inara
"galaxy entertainment" Discussed on WAFS Biz 1190

WAFS Biz 1190

11:16 min | 3 years ago

"galaxy entertainment" Discussed on WAFS Biz 1190

"Looking pretty flat when it comes to Asian stocks. If petered out a little bit, but pretty much flat on your regional benchmark here at the moment after the decent games that we saw on Monday here. So there is this sense of consolidation when it comes to stocks, despite the fact that yields are backing up again when it comes to global bond markets key to note, though, is some key crucial levels that we are reaching for the sense sensex. We are at record highs right now from the right now thirty eight thousand eight hundred ninety or so hang sang as well. After entering into that bull run. We are slightly higher by about a tenth of one percent, but engine closer thirty thousand level as well. And really join the ranks like China in that bull market run and GP's interesting to know just now that we did see a pretty strong bond auction there, despite the fact that these bonds are looking a little bit expensive at eight and negative eight basis points, I should say the strongest bid to cover ratio we've seen in thirteen years, which is quite remarkable. We are seeing yields just lower by about. One basis points here. Take a look at this terminal chart, though, we take a look at the risk on rally that we've seen and everyone's saying that look the Chinese PM my turning that really is lifting all boats here to what extent that actually means the same datum previous stimulus cycles, perhaps as a little bit different this time around because China this time is focusing a little bit more on domestic demand and boosting that so perhaps is not going to benefit as much on Chinese stimulus than it has four. And we certainly are seeing that here this robust violent rally that we saw the beginning of the year and yellow here is China the rest of the white there is emerging markets as well. Some of the boars we'll show you some of the movers that we're watching in particular. We have earnings obviously front and center rocker ten is one that we're watching though we're following something about four and a half percent in Tokyo here today, this is after we saw list the stock price there, go below its IPO price after that debut. So ragged time being one of the big shareholders. They are falling out of favor as well. While Joe auto earnings came out, it seems that the Chinese auto slowdown here really weighing on earnings here stock down some four percent galaxy entertainment one of the big movers on the Hang Seng here today, the Macau gaming revenue for March wasn't as bad as what analysts were expecting. They're expecting about a three percent drop. We were slightly higher than that still negative territory by about zero point three percent. But still we are seeing a bit of a relief rally of these casino stocks and Han hi searching for a second day here today, strong profits a surprise profit gain here for the fourth quarter, certainly making the analysts pretty excited their Yussef. Thanks very much for that. Let's get back to this part of the world. Talk about Saudi Aramco's. It is the world's most profitable company. But that's still might not be enough to persuade investors that the energy behemoth is worse the kingdom's aspirational figure of two trillion dollars. Now, you financially tales the skulls by Moody's Investor Service show, the company paid slightly more than fifty eight billion dollars in dividends to Saudi the Saudi government last year working back from that Aramco's valuation would be closer to one point two trillion. Investors judge it by the same metrics as the other oil giants out there. Let's bring in our middle. East finance reporter Matthew Martin, Matthew. I was looking at some of the other numbers. Saudi Aramco loses apparently ten thousand barrels a day of oil accidents leaks. What have you zero point one percent of total output? Apparently, they have too much oil to make a big deal out of that the other parts of the accounts. What exactly are we stringing together for the valuation? Well, what you can tell from looking through the accounts. This gives us the first time ever a really detailed look at some of the Aramco's accounts. So we can see that. They're painting around your nearly sixty billion dollars in dividends to the Saudi government. I'm looking at some of the other numbers in there and applying a dividend yield of about five percent, which is the sort of industry. Standard for energy companies. You can work that back and give around evaluation all's almost one point two trillion dollars. So this is still some way off the magic number of two trillion dollars at Hamad bin Salman has said that he thinks the company should be worth. And we've seen a huge amount of work being put in trying to get the company to evaluation and what we're seeing so far. It's probably just not there yet dividends are incredibly important part of the play overall within the majors. And so to that end. It's not a bad. Benchmark. There is still a pastry. Fifty eight billion dollars is the top line number. But only fifty two billion of that is actually in tax. So again. Could the government do to increase the valuation in terms of is it less take for us a little bit more for you? The investor then there are a few levers that the government still has that it could tweak. We've already seen them while ago. They changed the way the tax regime worked in the royalty payments. So try an Ulta the equation. So you could see the government doing that. Again, the difficulty will be that as the government looks so tweaking that to try to increase the payout that investors will get an of the government will remain the largest investor in Aramco. But as it looks at tweaking those numbers, the government's take probably will be reduced and in a situation where a Saudi Arabia is in deficit and is going out and borrowing in the bond markets, and it has massive investment scheme as well that it wants to go through whether the government will want to tweak the tax regime gain is going to be a question that will ultimately be up to Mohammed bin Salman. And how much he really wants to push this two trillion. Magic number. It's been a very busy few weeks four Saudi awry. Armco and for SABIC as well. I mean, an investor on the sidelines looking at this is going to say, well, clearly the making a lot of progress. They're moving ahead. The train is headed in the right direction. Where does that leave the IPO for Aramco? Well, I think again, you know, it's going to be up to Mahama been so mad and how much does he really committed to this two trillion number. We've seen him in interviews. I think at least two or three times he has come out and said that around here is going to be worth that amount. The Savak acquisition is going to be is part of the rationale of trying to create Aramco into a more diversified company. Push it downstream pressure into other areas, the energy industry to try it increases valuation. The Savak acquisition alone, though is probably not gonna be enough to push up to two trillion dollars. So we're I think we're still seeing an Aramco IPO at at some years off. Okay. Well, certainly they're going to get the dollars in after the Savak to anticipate accent that gives them the window that they need Massey. Thank you so much that is our Middle East finance supporter. Matthew Monness bring into the conversation director of capital markets at FFA private Bank in Dubai. She John's Yousef, and so the valuation. Matthew says two trillion is still a long way away. But the prophet numbers. There's no doubt about it. They are really quite splendid at one hundred eleven million one hundred eleven million. That's that's the data that we got yesterday. What do you make of the reveal the big rigging? Now. The earnings are very good earnings. Definitely can everyone was expecting that. I'll at least not many my politics. Sorry. Everyone was expecting good results from Adam Cornell. These come surprising. They they're definitely very good news for everyone, and especially for the markets and the Saudi and Saudi and specifically specifically Savak if we're going to look at it at this point. Because when we're looking at the company, which is acquiring another. And in this case, it's acquiring Savak making such huge profits and Savak being the top company profitable, profitable wise. Profitability wise in the towel. It's something that would does investor's attention. There are two big companies that are actually if in their own sectors. Let's put it that way. 'cause we can't compare to SABIC, but and we see that kind of acquisition happening indefinitely triggers some sort of positive sentiment confidence to investors to invest in the energy sector in the Saudi market that this point in time. Marie the idea of a lot of capital flowing into the hands of the Saudi government, and that they might redeployed and other ways you consider that Saudi government entities own quite a lot of stock onto Dowell me. Could this be perhaps a sign that some of the capital gets directed into back into Saudi equities are now the thing is when we look at cash or whatever liquidity available with government doesn't always have to be invested in the stock markets in particular in Saudi we've heard a lot a lot about infrastructure. Enhancements and stuff like that doesn't always have to be. It could get to. And specifically now if we look at the public investments on the efforts, it's also something they getting liquidity. And and this gives them the long-term sort of investment, whether the government or to the investment funds in order to be able to go further with their infrastructure is and their stability around economically. Now, we know you like a Bank. Let let let's give it to the Eubanks. We've done a couple of pieces of not we have we we have Adleman Christie who is our banks research analyst he's talking about profitability. And this is what I want to gauge your sensitivity to this. He reckons profitability is can slow down this year from around eleven percent, maybe five to seven percent who were is the weakest link in the Bank chain. Who the weakest are? Now, we've definitely seen a lot of consolidation. So we're gonna just get away from those 'cause when's consolidation happens. We see a lot of strength and the entities. I'm not gonna talk ABC be. I'm not gonna talk and be at the stage. Not although they have a lot of things going on at this point in time. But to probably look at the smaller banks where we have seen a lot of some issues or some things that we actually of concern to investors. I'm not gonna name in parts of anything. It's going to be a bit tricky at this point in time. But as Yoda Porter's, oh, your analysts have mentioned, we have we have been extremely bullish on the banking sector. And we we are not trying to withdraw dot at this point in time. But there's always the point in time where you need to slow down with your investments and tried to look on profit-taking and the being bit conservative on how you look at certain things we've seen banks going extremely rallying and the pastor quarter or so and it's about time. I think we start. Booking profits and monitoring what's going to happen, especially with the new changes that are going to take place. Closing thoughts on crude oil and how that might play into some of your calls for some of the Gulf equities. That's creeping back up argue this is this is good news now. Now, we have seen a bit of civility around that even with the changes in the oil prices were still a bit comfortable with how how the effect is going down on the Gulf equities in particular. And if we look at the oil and gas sectors in particular and the region, whether it's in the Saudi Arabia where but we believe that investors and governments and companies have sort of absorbed dot sort of change and the code and in the production that we're seeing around Mary always great to get your input. As you say, let's see what the realistic valuations for Saudi Aramco when it all comes to pass. Mary Salem, director of competent marketed FFA probably.

Saudi Aramco Saudi government Saudi Arabia Savak China SABIC Salman Matthew director Tokyo Middle East galaxy entertainment Ulta GP Macau Hang Seng
"galaxy entertainment" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:37 min | 3 years ago

"galaxy entertainment" Discussed on Bloomberg Radio New York

"Thanks. Still looking pretty flat when it comes to Asian stocks it Peter out a little bit. We're pretty much flat on your regional benchmark here at the moment after the decent game that we saw on Monday here. So there is this sense of consolidation when it comes to stocks, despite the fact that yields are backing up again when it comes to global bond markets key to know, though is some key crucial levels that we are reaching for the sense sex. We are at record highs right now from right now thirty eight thousand eight hundred ninety or so Hang Seng as well. After entering bull run. We are slightly higher by about one tenth of one percent, but engine closer thirty thousand level as well. I really join the ranks like China in the bull market run. Nj GP's interesting to know just now that we did see a pretty strong bond auction there, despite the fact that these are looking a little bit expensive at eight and negative eight basis points, I should say the strongest bid to cover ratio we've seen in thirteen years, which is quite remarkable. We are seeing yields just lower by about one. Basis points here. Take a look at this terminal chart, though, we take a look at the risk on rally that we've seen and everyone's saying that look it's the Chinese my turning that really is lifting all boats here to what extent that actually means the same as it did in previous stimulus cycles, perhaps as a little bit different this time around because China this time is focusing a little bit more on domestic demand and boosting back. So perhaps. Is not going to benefit as much on Chinese stimulus than it has four. And we certainly are seeing that here this robust violent rally that we saw the beginning of the year and yellow here is China the rest of the white there is emerging markets as well. We'll show you some of the movers that we're watching in particular. We have earnings obviously front and center Rocketdyne is one that we're watching though we're following something about four and a half percent in Tokyo here today, this is after we saw list the stock price there, go below its IPO price after that debut. So racket time being one of the big shareholders of lift they are falling out of favor as well. While Joe auto earnings came out, it seems that the Chinese auto slowdown here really weighing on earnings here. A sock down some four percent galaxy entertainment one of the big movers on the Hang Seng here today, the Macau gaming revenue for March wasn't as bad as what analysts were expecting. They're expecting about a three percent drop. We were slightly higher than that still negative territory by about zero point three percent. But still we are. Are seeing a bit of a relief rally and some of these casino stocks and Han. Hi searching for a second day here today, strong profits a surprise profit gain here for the fourth quarter, certainly making the analysts pretty excited. They're yousef. Thanks very much for now. Let's get back to this part of the world. Talk about Saudi Aramco. It is the world's most profitable company. But that's still might not be enough to persuade investors that the energy behemoth is worse the kingdom's aspirational figure of two trillion dollars. Now, you financial details disclosed by Moody's Investor Service show, the company paid slightly more than fifty eight billion dollars in dividends to. So these are the Saudi government last year working back from that Aramco's valuation would be closer to one point two trillion. Investors judge it by the same metrics as the other oil giants out there. Let's bring in our middle. East finance reporter Matthew Martin, Matthew. I was looking at some of the other numbers. Saudi Aramco loses apparently ten thousand barrels a day of oil accidents leaks. What have you zero point one percent of total output? Apparently, they have too much oil to make a big deal out of that the other parts of the accounts. What exactly are we stringing together for the valuation? Well, what you can tell from looking through the accounts. This gives us the first time ever a really detailed look at some of Aramco's accounts. So we can see that they're paying around. Your nearly sixty billion dollars in dividends to the Saudi government. I'm looking at some of the other numbers in there and applying a dividend yield of about five percent, which is the sort of industry. Standard for a lot of energy companies. You can work that back and give around evaluation of almost one point two trillion dollars. So this is still some way off the magic number of of two trillion dollars, which Muhammad bin Salman has said that he thinks the company should be worth. And we've seen a huge amount of work being put in trying to get the company to that valuation. And what we're seeing so far is that it's probably just not there yet. Well, look dividends are incredibly important part of the play overall within the majors. And so to that end, it's not a bad. Benchmark. There is still a pasty fifty eight billion dollars is the top line number, but only fifty two billion that is actually intact. So again, what can the government do to increase the valuation in terms of is it less take for us a little bit more for you, the investor they're they're all a few levers that the government still has that it could tweak. We've already seen them while ago. They changed the way the tax regime worked in the royalty payments works try and Ulta that equation. So you could see the government doing that. Again, the difficulty will be that as the government looks at tweaking that to try to increase the payout that investors will get an of the government will of remain the largest investor in Aramco, the as it looks at tweaking those numbers, the government's take probably will be reduced. And in a situation where Saudi Arabia is in deficit, and it is going out and borrowing in the bond markets, and it has massive investment schemes as well. That he wants to go through whether the government will want to tweak the tax regime gain is going to be a question that will ultimately be up to Mohammed bin Salman. And how much he really wants to push this two trillion. Magic number. It's been a very busy few weeks for Saudi Aramco and for SABIC as well. I mean, an investor on the sidelines looking at this is going to say, well, clearly they're making a lot of progress. They're moving ahead. The train is headed in the right direction. Where does that leave the IPO for Aramco? Well, I think again, you know, it's going to be to Mohammed bin Salman. And how much is he really committed to this two trillion number. We've seen him in interviews. I think at least two or three times he has come out and said that around co is going to be worth that amount. The savage acquisition is going to be is part of the rationale of trying to create Aramco into a more diversified company. Push it downstream pressure into other areas of the energy industry to try it increases valuation. Sabic acquisition alone, though is probably not gonna be enough to push it up to two trillion dollars. So we I think we're still seeing Ramco IPO at at some years off. Okay. Well, certainly they're going to get the dollars in after the Savak accent that gives them the window that they need Massey. Thank you so much that is our middle. East finance reporter, Matthew Monness bring into the conversation director of capital markets at FFA private Bank indivi-. She John's Yousef, and so the valuation. Matthew says two trillion is still a long way away. But the prophet numbers. There's no doubt about it. They they are really quite splendid at one hundred eleven million one hundred eleven million bucks. That's the data that we got yesterday. What do you make of the reveal the big thing? Now. Mannasseh? The earnings are very good earnings. Definitely. And everyone was expecting that. At least new idiot, not many my politics. Sorry. Everyone was expecting good results from Adam Cornell, these come but surprising. They definitely very good news for everyone, and especially for the markets and the Saudi and Saudi and specifically specifically salvage if we're going to look at this point. Okay. Because when we're looking at the company, which is acquiring and mother and in this case, it's acquiring Savak making such huge prophets and SABIC being the top company profitable, profitable wise. Profitability wise, the end the undeterred, our it's something that does investor's attention there too. Big companies that are actually if it in their own sectors. Let's put it that way. 'cause we can't compare to SABIC, but still and we see that kind of acquisition happening, it definitely triggers some sort of positive sentiment. Confidence to investors to go in. Invest in the energy sector in the Saudi market at this point in time. Marie the idea of a lot of capital flowing into the hands of the Saudi government. And that they might we deployed and other ways you consider that Saudi government entities old quite a lot of stock on the two Dowell me. Could this be perhaps a sign that some of the capital gets redirected into back into Saudi equities are on? Now. The thing is when we look at cash or whatever liquidity available with government doesn't always have to be invested in the stock markets in particular in Saudi we've heard a lot about infrastructure. Enhancements and stuff like that doesn't always have to be. Could get to and specifically now if we look at the public investment fund efforts, it's also something they're getting liquidity. And this gives them the long-term sort of investment whether to the government or to the investment funds in order to be able to go further with their infrastructure and their stability around economically. Now, we know you like a Bank let let's give it to the Eubanks. We've done a couple of pieces of not we have we we have Adleman Christie who is our banks research. He's talking about profitability. And this is what I want to gauge your sensitivity to this. He reckons profitability is going to slow down this year from around eleven percent, maybe five to seven percent who or where is the weakest link in the Bank chain. Who the weakest now we've definitely seen a lot of consolidation. So we're going to just get away from those because when consolidation happens we see a lot of strength and the entities. I'm not gonna talk ABC be. I'm not gonna talk at this stage. Not although they have a lot of things going at out at this point in time. But probably look at the smaller banks where we have seen a lot of some issues or some things that we actually of concern to investors. I'm not gonna name importing anything. It's going to be a bit Turkey at this point in time. But as a Yoda portfolio, your analysts have mentioned, we have we have been extremely bullish on the banking sector. And we we are not trying to withdraw docked at this point in time. But there's always a point in time where you need to slow down with your investments and tried to look on profit-taking and the being a bit conservative on how you look at certain things we've seen banks going extremely rallying in the past quarter or so and it's about time. I think we start. Booking prophets and monitoring what's going to happen? Especially with the new changes that are going to take place. Closing thoughts on crude oil and how that might play into some of your calls for some of the Gulf equities scraping backup. Argue this is this is good news now..

Saudi Aramco Saudi government SABIC Salman China Saudi Arabia Nj Hang Seng reporter Matthew Peter galaxy entertainment Ulta ABC Macau Rocketdyne Muhammad
"galaxy entertainment" Discussed on WAFS Biz 1190

WAFS Biz 1190

10:20 min | 3 years ago

"galaxy entertainment" Discussed on WAFS Biz 1190

"Very flat. When it comes to Asian stocks if Peter out a little bit, we're pretty much flat on your regional benchmark here at the moment after the decent games that we saw on Monday here. So there is this sense of consolidation when it comes to stocks, despite the fact that yields are backing up again when it comes to global bond markets key to note, though, is some key crucial levels that we are reaching for the sensex. We are at record highs right now from the sense sex right now thirty eight thousand eight hundred ninety or so hang sang as well. After entering into that bull run. We are slightly higher by about a tenth of one percent, but engine closer thirty thousand level as well. I really join the ranks like China in the bull market run. And GP's are interesting to know just now that we did see a pretty strong bond auction there, despite the fact that these bonds are looking little expensive at eight and negative eight basis points, I should say the strongest bid to cover ratio we've seen in thirteen years which. It's quite remarkable. We are seeing yields just lower by about one basis points here. Take a look at this terminal chart, though, we take the risk on rally that we've seen and everyone's saying that look it's the Chinese PM my turning that really is lifting all boats here to what extent that actually means the same as did in previous stimulus cycles, perhaps as a little bit different this time around because China this time is focusing a little bit more on domestic demand and boosting back so perhaps is not going to benefit as much on Chinese stimulus than it has four. And we certainly are seeing that here this robust violent rally that we saw the beginning year and yellow here is China the rest of the white there is emerging markets as well for the boars. We'll show you some of the movers that we're watching in particular. We have earnings obviously front and center Rocketdyne is one that we're watching though we're following something about four and a half percent in Tokyo here today, this is after we saw list the stock price there, go below its IPO price after that debut so bracket. Being one of the big shareholders of left. They are falling out a favor as well. Well, Joe auto earnings came out. It seems that the Chinese auto slowdown here really weighing on earnings here. A stock down some four percent galaxy entertainment one of the big movers on the Hang Seng here today the Macau gaming revenue for March wasn't as bad as what analysts were expecting. They're expecting about a three percent drop. We were slightly higher than that still negative territory by about zero point three percent. But still we are seeing a bit of a relief rally and some of these casino stocks and Han. Hi searching for a second day here today, strong profits a surprise profit gain here for the fourth quarter, certainly making the analysts pretty excited. They're yousef. Thanks very much for that. Let's get back to this part of the world. Talk about Saudi Aramco's. It is the world's most profitable company. But that's still might not be enough to persuade investors that the energy behemoth is worse the kingdom's aspirated will figure of two trillion dollars. Now you financial details. Disclosed by Moody's Investor Service show, the company paid slightly more than fifty eight billion dollars in dividends to. So these are the Saudi government last year working back from that Aramco's valuation would be closer to one point two trillion. Investors judge it by the same metrics as the other oil giants out there. Let's bring in our middle. East finance reporter Matthew Martin, Matthew. I was looking at some of the other numbers. Saudi Aramco loses apparently ten thousand barrels a day of oil accidents leaks. What have you your point one percent of total output? Apparently, they have too much oil to make a big deal out of that the other parts of the accounts. What exactly are we stringing together for the valuation? Well, what you can tell from looking through the accounts. This gives us the first time ever a really detailed look at some of Aramco's accounts. So we can see that they're paying around nearly sixty billion dollars in dividends to the Saudi government. I'm looking at some of the other numbers in there and applying a dividend yield of about five percent, which is the sort of industry. Standard for a lot of energy companies. You can work that back and give around evaluation all's almost one point two trillion dollars. So this is still some way off the magic number of two trillion dollars, which Muhammed bin Salman has said that he thinks the company should be worth. And we've seen a huge amount of work being put in trying to get the company to that valuation. And what we're seeing so far is it's probably just not there yet. Well, look dividends are incredibly important part of the play overall within the majors. And so to that end, it's not a bad. Benchmark. There is still a pasty fifty eight billion dollars is the top line number, but only fifty two billion of that is actually intact. So again, what could the government do to increase the valuation in terms of is it less take for us a little bit more for you, the investor they're they're all a few levers that the government still has it could tweak. We've already seen them while ago. They changed the way the tax regime worked in the royalty payments works try and Ulta that equation. So you could see the government doing that. Again, the difficulty will be that as the government looks at tweaking that to try to increase the payout that investors will get an of the government will obviously remain the largest investor in Aramco, the as it looks at tweaking those numbers, the government's take probably will be reduced. And in a situation where Saudi Arabia is in deficit and is going out and borrowing in the bond markets, and it has massive investment skiing as well. He wants to go through whether the government will want to tweak the tax regime, again is going to be a question that well, we'll ultimately be up to Mohammed bin Salman. And how much he really wants to push this two trillion. Magic number. It's been a very busy few weeks four Saudi Aramco and for SABIC as well. I mean, an investor on the sidelines looking at this is going to say well clearly to making a lot of progress. They're moving ahead. The train is headed in the right direction. Where does that leave the IPO for a good? Oh, well, I think again, you know, it's going to be up to Mohammed bin Salman. And how much is he really committed to this two trillion number. We've seen him in interviews. I think at least two or three times he has come out and said that around it's going to be worth that amount. The acquisition is going to be is part of the rationale of trying to create Aramco into a more diversified company. Push it downstream pressure into other areas, the energy industry to try and increase its valuation. Saba position alone, though is probably not gonna be enough to push up to two trillion dollars. So we're I think we're still seeing at at some years. Okay. Well, certainly they're going to get the dollars in after the Savak do anticipate accent that gives them the window that they need to. Thank you so much that is on Middle East finance reporter, Matthew Monness bring into the conversation director of capital markets at FFA, private Bank, individually John's Yousef, and I so valuation. Matthew says trillion is still a long way away. But the prophet numbers. There's no doubt about it. They are really quite splendid at one hundred eleven million one hundred eleven million bucks. And does the data that we got yesterday? What do you make of the reveal the big rig now? Manasa? The earnings are very good earnings different. Can the everyone was expecting that? At least not many my politics. Sorry. Everyone was expecting good results from Adam Cornell. These come surprising. They they're definitely very good news for everyone, and especially for the markets and the Saudi and Saudi and specifically specifically Savak if we're going to look at it at this point because when we're looking at a company, which is acquiring another. And in this case, it's acquiring sabotage. Making such huge prophets and SABIC being the top company profitable, profitable wise. Profitability wise in the world, it's something that does investor's attention. There are two big companies that are actually in their own sectors. Let's put it that way because we can't compare to salvage. But and we see that kind of acquisition happening indefinitely triggers some sort of positive sentiment confidence to investors to go and invest in the energy sector in the Saudi market that this point in time. Marie the idea of a lot of capital flowing into the hands of the Saudi government. And that they might be deployed and other ways you consider that Saudi government entities own quite a lot of stock onto Dowell me. Could this be perhaps a sign that some of the capital gets redirected into back into Saudi equities are on? Now. The thing is when we look at cash or whatever liquidity available with government doesn't always have to be invested in the stock markets in particular in Saudi we've heard a lot about infrastructure. Enhancements and stuff like that doesn't always have to be to the. Some of it could get to and specifically now if we look at the public investments Honda efforts, it's also something they getting liquidity. And and this gives them the long-term sort of investment whether to the government or to the investment funds in order to be able to go further with their infrastructure and their stability around economically. Now, we know you like a Bank. Eubanks we've done a couple of pieces of not we we have Adleman Christie who is our banks research analyst he's talking about profitability. And this is what I want to gauge your sensitivity to this. He reckons profitability abilities can slow down this year from around eleven percent, maybe five to seven percent who or where is the weakest link in the Bank chain. Who the weakest now we've definitely seen a lot of consolidation. So we're going to just get away from those because when consolidation happens we see a lot of strength and entities. I'm not gonna talk ABC be. I'm not gonna talk NBA at this stage, not MSNB, although they have a lot of things going out at this point in time. But we'll probably look at the smaller banks where we have seen a lot of some issues or some things that we actually of concern to investors. I'm not gonna name in parts of anything. It's going to be a bit Turkey at this point in time. But as a Yoda porters or your analysts have mentioned, we have we have been extremely bullish on the banking sector. And we we we're not trying to withdraw at this point in time. But there's always a point in time where you need to slow down with your investments and tried to look on profit-taking and the being bit conservative on how you look at certain things we've seen banks going extremely rallying in the past quarter or so and it's about time. I think we start..

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