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Ctrip.com Assumed Bullish At Credit Suisse
Friday, September 2, 2016 - 10:25am | 357Read More...Credit Suisse assumes coverage of Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) with an Outperform rating after cost controls led to better-than-expected results at the travel service provider. Ctrip reported second-quarter net revenue grew 75 percent to Rmb4.4 billion at the high end of the...
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Credit Suisse Assumes Coverage On NetEase With Neutral Rating
Friday, August 19, 2016 - 11:14am | 360Read More...Credit Suisse assumed coverage on NetEase Inc (ADR) (NASDAQ: NTES) with a Neutral rating and boosted the price target from $200 to $230. The brokerage earlier had an Outperform rating on the stock. The comments come on the heels of the company reporting better-than-expected earnings and revenue on...
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Casino Stocks Under Pressure Following Credit Suisse Downgrade Of Melco Crown, Sands
Monday, April 4, 2016 - 1:30pm | 258Read More...Casino stocks were trading mostly lower on Monday following a cautious report by analysts at Credit Suisse. Credit Suisse's Kenneth Fong cautioned investors in a note that while casino operators have seen strong gains in their stock recently, further gains "may take a breather here....
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'Worst Is Over' For Macau; Credit Suisse Upgrades MGM, Las Vegas Sands And Wynn Hong Kong Shares
Tuesday, July 7, 2015 - 10:18am | 464Read More...In a report published Tuesday, Credit Suisse analyst Kenneth Fong commented on the Macau Gaming sector, noting that the "worst is over" and it is now time for investments to accumulate shares. "We believe that the worst is over for the sector, given the negatives are well-known, the sector is under...
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Casino Stocks Up; Analyst Sees 'Green Shoots' In Macau
Thursday, June 4, 2015 - 1:46pm | 311Read More...Casino stocks rose Thursday after an analyst discerned "green shoots" amid Macau gaming data for May released earlier this week. Mass gaming jumped 9 percent during the month, according to Credit Suisse's Kenneth Fong, whose note was reported on by Barron's Asia. Gross...
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Casino Stocks Lower As 2 Analysts Issue Bearish Comments
Tuesday, March 10, 2015 - 11:33am | 507Read More...Casino stocks on Tuesday traded lower as analysts from both Deutsche Bank and Credit Suisse issued bearish comments and a weak outlook for the industry. Shares of Melcro Crown Entertainment Ltd (NASDAQ: MPEL) and MGM Resorts International (NYSE: MGM) were trading lower by around 3 percent...
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Credit Suisse's 2015 Macau Gaming Outlook
Thursday, January 8, 2015 - 3:07pm | 259Read More...Credit Suisse issued its 2015 outlook on the Macau Gaming Sector Wednesday and forecasted a “year of rebalancing.” Analysts Kenneth Fong and Isis Wong thought “the major round of earnings cuts is largely behind us and VIP is beginning to show signs of sequential stabilisation...
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Credit Suisse: Wynn Macau At Risk Of Cutting Its Dividend
Thursday, January 8, 2015 - 11:14am | 226Read More...In a note to clients on Thursday, Kenneth Fong of Credit Suisse suggested that Wynn Resort, Limited's (NYSE: WYNN) subsidiary Wynn Macau is at risk of slashing its dividends. “In light of the risk of earnings deterioration in 2015 but ongoing capex requirement for the upcoming...
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UPDATE: J.P. Morgan Maintains On Higher Margin Assumptions
Monday, November 18, 2013 - 10:24am | 169Read More...In a report published Monday, J.P. Morgan analyst Kenneth Fong maintained an Overweight rating on Home Inns & Hotels Management (NASDAQ: HMIN) and raised the price target from $40.00 to $46.00. In the report, J.P. Morgan says "HMIN reported stronger-than-expected 3Q adjusted EBITDA of Rmb448mn...
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UPDATE: J.P. Morgan Raises PT on Home Inns & Hotels Management Following Stronger 2Q EBITDA Report
Tuesday, August 13, 2013 - 11:21am | 201Read More...In a report published Tuesday, J.P. Morgan analyst Kenneth Fong reiterated an Overweight rating on Home Inns & Hotels Management (NASDAQ: HMIN), and raised the price target from $36.00 to $40.00. In the report, J.P. Morgan noted, “HMIN reported stronger than expected 2Q adjusted EBITDA of...
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UPDATE: J.P. Morgan Raises PT on Home Inns & Hotels Management on Strong 2Q Results
Tuesday, August 13, 2013 - 10:54am | 208Read More...In a report published on Tuesday, J.P. Morgan analyst Kenneth Fong raised the price target on Home Inns & Hotels Management (NASDAQ: HMIN) from $36 to $40 and reiterated an Overweight rating. In the report, J.P. Morgan stated, "Headline net revenue (net of business tax) grew 10% yoy to Rmb1...
