2007-04-27 Macao
After analyzing the gambling and property projects of three gambling companies in Macao, which recently posted their results for 2006, Morgan Stanley said in a report that property stocks in Macao are now more attractive. Morgan Stanley gave an “outperform” rating to Shun Tak Holdings Ltd., which owns property projects in Macao, while giving a “market performance” rating to Melco International Development Limited and Galaxy Entertainment Group Ltd respectively.
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