SJM
mar25 Seaport Research has highlighted that, while SJM’s Grand Lisboa Palace (GLP) continues to ramp up operations, its return on investment remains disappointingly low and is unlikely to generate any positive value relative to the cost of investment in the near future, if at all. This assessment follows the release of SJM ’s 4Q24 results. Vitaly Umansky , senior analyst at Seaport, noted that the ramp-up at GLP is a critical driver for the stock to show positive momentum. Meanwhile, SJM’s strategy for GLP is still evolving. The company has been strengthening its sales and marketing team in recent quarters, which has led to increased costs. http://agbrief.com/news/macau/06/03/2025/grand-lisboa-palace-growth-lags-unlikely-to-yield-positive-value-in-foreseeable-future-seaport/?utm_source=Asia+Gaming+Brief&utm_campaign=003b468a55-AGB%3A+%2302095+Thursday%2C+06th+March%2C+2025&utm_medium=email&utm_term=0_51950b5d21-003b468a55-%5BLIST_EMAIL_ID%5D...