Seeking Alpha

Early reads on Golden Week in China

  • The crowds at casinos (MPEL, MGM, WYNN, LVS, GXYEF, SJMHF) in Macau during Golden Week continue to impress, according to analysts.
  • The May Day period is a national holiday in China.
  • The positive read for May traffic at casinos follows up on a 10.6% gain in gaming revenue in the region for April.
  • Early channel checks for the luxury sector haven't been quite as rosy. Mainland shoppers' demand for luxury goods is seen as lighter than a year ago.
  • China luxury sellers: Gucci (GUCG), Prada, Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY), Burberry (BURBY), Tiffany (TIF).
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Comments (2)
  • Hillbilly Stock Star
    , contributor
    Comments (745) | Send Message
     
    $MALDF too! ,...http://bit.ly/1g3DQCJ
    5 May 2014, 06:59 PM Reply Like
  • spokanimal
    , contributor
    Comments (258) | Send Message
     
    We should see the first, meaningful, channel checks on Golden Week crowds in macau within a few days.

     

    The #1, Las Vegas Sands Message Board where you usually first see these things is at:

     

    lvs.freeforums.net

     

    Unlike other message boards, freeforums is very informative, and policed for the riff-raff that is so common on other message boards.
    6 May 2014, 04:35 PM Reply Like
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