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2009-5-6 03:14:00 p.m. HKT, XFNA
DJ MARKET TALK:Macau Plays Jump;3V Tips Laggards Emperor, Polytec
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| 1457 [Dow Jones] Macau plays on a tear, with sector latest rotational buying target; additionally, 3V Research says sector strength likely driven by better-than-expected gaming revenue figure in April, with SCMP reporting Macau casino revenue's fall stabilizing. 3V believes market sentiment was overly pessimistic toward sector plays; "it is time for them to outperform and catch up further." Casino operators Galaxy Entertainment (0027.HK) +15.8% at HK$2.34, Melco (0200.HK) +15.8% at HK$5.29, SJM Holdings (0880.HK) +14.0% at HK$2.77; conglomerate Shun Tak (0242.HK) +5.6% at HK$4.31. 3V tips relative laggards Emperor Entertainment Hotel (0296.HK), Polytec (0208.HK). Emperor +5.1% at 52 HK cents, Polytec +11.5% at 58 HK cents.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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