Friday 9 October 2009

Wynn Macau listed on the Hong Kong Stock Exchange 永利澳門香港交易所主板上市 (永利澳门香港交易所主板上市)

Video - Bloomberg


Pic Source : Reuter
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The world's sixth-largest IPO so far this year - Wynn Macau Ltd, which is part of the Las Vegas-based Wynn Resorts Ltd and headed by Steve Wynn, jumped 13 percent in its stronger than expected trading debut on the Hong Kong Stock Exchange on the 9th October. About $1.6 billion was raised during the IPO, which also makes it the second largest IPO so far in Hong Kong this year.

Shares peaked at HK$11.4 in early trading, which is above the IPO price. The share were sold at HK$10.08 each in the initial public offering. The share was closed 6.9% higher on its Hong Kong stock market debut buoyed by expectations for growth in the Chinese gaming industry. Shares of the Wynn Macau Ltd finished at $10.78 on the first day of trading.

Wynn Macau Ltd also marks the first IPO in Hong Kong for a major global brand in years. The Wynn Macau offering comes amid news of record monthly gambling revenue in Macau in August and an easing of restrictions by China on its citizens travelling from Guangdong province to Macau.

"For big-cap IPOs, its performance is pretty good. Its pricing is not cheap but Macau's gaming revenue has been rising and that helped boost confidence," said Peter Pak, vice-president at BOCI Research. Wynn Macau Ltd stronger-than-expected will paves the way for listing by rival Las Vegas Sands later this year.


今年全球規模第六大的IPO交易, 澳門博彩業營運商永利澳門有限公司10月9日在香港交易所上市。 永利澳門10月8日宣佈公開發售結果, 新股的中籤率高達八成, 認購兩手(800股)可穩取一手。 首日股價漲幅高達13%。 開市報11.08元, 較招股價升約1元 (約1成)。 因市場對澳門博彩業收入增長前景和香港股市上漲行情持樂觀態度。

永利按招股價10.08元, 2009年預測巿盈率34.3倍。 銀河(0027)為23.4倍, 澳博為27.2倍。 永利非執行董事盛智文表示滿意股價表現, 認為以上限定價並非過高, 剛過去的內地黃金周到訪澳門旅客增加, 有利業務。

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