Macau casino operator SJM falls most in 5 weeks on seeing bigger loss in 2022

Sands China

07/03/2023 05:04

** Shares of Macau casino operator SJM Holdings  0880.HK 
fall as much as 4.1% to HK$3.98, and on course for the biggest
daily pct decline since Jan. 30
    ** Stock hit the lowest since Feb. 28, snapping two straight
sessions of fall
    ** Hong Kong-listed SJM on Monday forecast a bigger loss for
fiscal 2022, hurt by COVID travel restrictions imposed in
gambling hub Macau and a significant impairment charge 
    ** SJM expects to post an attributable loss of HK$7.80 bln
($993.7 mln) for 2022 as compared to a loss of HK$4.14 bln in
the previous year
    ** Rivals MGM China  2282.HK  falls 2.5% and Melco
International  0200.HK  eases 1.1% 
    ** Shares of Wynn Macau  1128.HK , Galaxy  0027.HK  and
Sands China  1928.HK  climb between 0.5% and 1.2%  
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains 1%,
the Hang Seng Composite Index  .HSCI  climbs 0.9% and the Hang
Seng Index  .HSI  rises 1.2%
    


($1 = 7.8497 Hong Kong dollars)

 (Reporting by Donny Kwok; Editing by Kim Coghill)
 ((donny.kwok@thomsonreuters.com))