China is mulling a fresh round of monetary stimulus to support the country’s battered property market and those efforts could benefit Macau casino stocks.
Prior efforts to support the flailing real estate market in the world’s second-largest economy helped avoid outright collapse but didn’t help as much as Beijing hoped. Specifics on new measures haven’t been revealed, but market observers believe those plans could include support for indebted commercial real estate firms and reduced down payments for buyers of residential property.
The chatter stoked a Friday rally by Hong Kong’s Hang Seng Index, the listing venue for Macau gaming equities, with CBRE Securities analyst John DeCree noting stimulus plans could lift shares of the six concessionaires.
Prior efforts to support the flailing real estate market in the world’s second-largest economy helped avoid outright collapse but didn’t help as much as Beijing hoped. Specifics on new measures haven’t been revealed, but market observers believe those plans could include support for indebted commercial real estate firms and reduced down payments for buyers of residential property.
The chatter stoked a Friday rally by Hong Kong’s Hang Seng Index, the listing venue for Macau gaming equities, with CBRE Securities analyst John DeCree noting stimulus plans could lift shares of the six concessionaires.