SJM

may24

SJM Holdings has bought an older, three-storey building on Macao’s Avenida de Almeida Ribeiro – commonly known by its Cantonese name San Ma Lo – and plans to turn it into a mass market “food and beverage hotspot.”

The building, which currently functions as the Kam Pek Community Centre, was acquired for a sum of HK$166 million (US$21.2 million), according to a statement released by the concessionaire yesterday. The vendor was SJM’s parent company Sociedade de Turismo e Diversões de Macau, S.A. (STDM).

SJM says the refurbished community centre will serve “as a culinary anchor at one end” of the avenue, with the company’s “Grand Lisboa and Hotel Lisboa at the opposite end.”

https://macaonews.org/food-drink/macau-sjm-kam-pek-community-centre-food-dining-macao/

 may24

Macau concessionaire SJM Holdings released its 1Q24 financial results on Thursday, with revenue and EBITDA improvements largely in line with expectations.

But one lingering concern remains the slow ramp of the company’s US$5 billion Cotai integrated resort Grand Lisboa Palace (GLP), with analysts becoming increasingly hesitant in touting its short-term growth prospects – particularly in regard to market share.

In a Friday note, investment bank JP Morgan said it is “not (yet) convinced that GLP can garner its target share of 5% in the coming years,” and has revised its earnings estimates accordingly.

Likewise, Vitaly Umansky of research house Seaport described the ramp-up of GLP as “tepid” at 2.0% market share in Q1, and noting that had it not been for high hold in VIP, share would likely have been 1.9%. He did, however, note comments from SJM management that market share may have approached 2.2% in April.

https://www.asgam.com/index.php/2024/05/10/analysts-not-convinced-sjms-grand-lisboa-palace-can-hit-5-market-share-target/

may24

SJM Holdings Limited’s (SJM) first quarter financial results showed slight improvements and met analyst expectations, but the slow ramp-up at Grand Lisboa Palace amidst a robust Macau recovery was worrying for the gaming operator, brokerage Seaport pointed out.

https://agbrief.com/news/macau/10/05/2024/seaport-slow-ramp-up-at-grand-lisboa-palace-worrying-sign-for-sjm/?utm_source=Asia+Gaming+Brief&utm_campaign=67c91e2c5e-AGB%3A+%2301898+Monday%2C+13th+May%2C+2024&utm_medium=email&utm_term=0_51950b5d21-67c91e2c5e-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2301898+Monday%2C+13th+May%2C+2024%29&goal=0_51950b5d21-67c91e2c5e-%5BLIST_EMAIL_ID%5D&mc_cid=67c91e2c5e&mc_eid=31e20475e6
A melhoria dos resultados financeiros da SJM Holdings no primeiro trimestre não foi suficiente para entusiasmar os analistas do JP Morgan e da Seaport Research Partners, que voltaram a alertar para a lenta recuperação do Grand Lisboa Palace
https://jtm.com.mo/local/grand-lisboa-palace-decepciona-analistas/

may24

Seaport Research Partners expects a sluggish ramp-up at SJM’s latest integrated resort project, Grand Lisboa Palace (GLP), with the long-term return on investment for the Cotai property to remain suboptimal.

In a recent report published following the release of SJM’s first-quarter results, the researcher expressed concerns regarding the slow pace of GLP’s ramp-up despite a strong recovery in Macau.

Analyst Vitaly Umansky noted that SJM’s first quarter results are slightly better than expected, but are largely driven by high VIP hold.

The analyst highlighted that GLP’s ramp-up was “critical for the stock to show positive uplift momentum”. However, the progress so far remained tepid, with GLP only achieving a 2 per cent market share.

https://www.macaubusiness.com/grand-lisboa-palace-shifts-to-premium-mass-marketing-amid-lacklustre-ramp-up/


mar24

A SJM Resorts vai organizar, a 30 de Março, um espectáculo de rock com Ayal Komod, cantor de Taiwan que interpretará trechos musicais populares do seu repertório no Grand Pavillon do Grand Lisboa Palace. A SJM lançou um pacote exclusivo que oferece bilhetes para o concerto e alojamento em hotel. Assim os hóspedes que jantarem nos restaurantes designados e fizerem compras nos pontos de venda do Grand Lisboa Palace e do Grand Lisboa durante o período promocional, terão a oportunidade de resgatar bilhetes para o concerto. O pacote de hotel exclusivo para o “SJM Ayal Komod Music Show” está disponível para reserva até 29 de Março. Inclui uma estadia de luxo no Grand Lisboa Palace ou no The Karl Lagerfeld na noite do concerto, pequeno-almoço para duas pessoas, crédito para refeições no valor de 500 patacas e dois bilhetes para o espectáculo. Além disso, de 13 a 28 deste mês, os clientes que jantarem em restaurantes designados ou fizerem compras nos pontos de venda da SJM e se registarem como membros do Cartão Supremo SJM, terão a possibilidade de obter até dois bilhetes gratuitos para concertos.

https://jtm.com.mo/local/ayal-komod-traz-rock-ao-grand-lisboa-palace/

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