Morgan Stanley
Positive 4Q for Macau casinos
Morgan Stanley's analyst Praveen K Choudhary is expecting Macau's casino industry to report EBITDA growth for the fourth quarter of 2011 of 55 percent year on year.
That represents a 12 percent increase quarter on quarter, he stated in an investors note released on Tuesday.
"We expect MGM China, Sands China and Galaxy to deliver double-digit growth in EBITDA on a quarter-on-quarter basis in the upcoming fourth quarter results," Choudhary wrote.
Internet sales to curb Australian retailers' growth, says Morgan Stanley
Internet retailing is expected to slice into the sales of Australian retailers, reducing their expected annual sales growth to 1.7 percent by 2015, compared with their current average growth of 5.2 percent, according to investment bank Morgan Stanley.
In the note, Australian Retail Internet Retailing Boom 2.0, Morgan Stanley said internet retailers' share of the growth in the Australian market should rise from about 15 percent to 27 percent.
Morgan Stanley to sell Chinese motel chain
Morgan Stanley is selling a popular Chinese budget motel chain which could fetch up to USD1 billion, as foreign and local hoteliers scramble to buy into the country's travel boom.
In 2006 Morgan Stanley spent USD20 million for 20 percent of Shanghai Motel Management Co., which operates the Motel 168 brand through one of the investment bank's real-estate funds. After two further investments for undisclosed amounts, Morgan Stanley now controls 59 percent. The chain's other shareholders, including a Chinese hotelier, have agreed to sell their shares.
Online retailers to capture growth
Morgan Stanley warned on 9 December that internet retailers could take more than 20 percent of the retail industry's growth in coming years.
Following threats from Harvey Norman and Myer to set up offshore retail websites to sell tax-free goods, Morgan Stanley said the threat of online competition to in-store retailers was "becoming real", despite being around for more than a decade.
Jimmy Choo moots IPO
Investment banks Goldman Sachs and Morgan Stanley are the front runners to advise the owner of luxury footwear brand Jimmy Choo on its strategic review, which includes a possible initial public offering and a sale expected to fetch up to GBP500million (USD770.42m).
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Mob takes control of China Taizinai factory over debt to builder
The bankruptcy of Chinese dairy company Hunan Taizinai, whose investors include Goldman Sachs and Morgan Stanley, has descended into chaos.
Its third largest factory, in Hubei province, is being occupied by a 40-strong mob believed to be employed by a construction company Taizinai owes money to.
The company, which makes probiotic yoghurt drinks, was plunged into provisional liquidation by a court in the Cayman Islands, where it is legally headquartered, in April.
Hon Hai profit may fall on wages hike
Hon Hai Precision Industry Co.'s net income for this year may be cut by 7 percent under a "worse- case scenario" after the Apple Inc. iPhone assembler said it plans to boost worker salaries, according to Morgan Stanley.
Taipei-based Hon Hai, the flagship of the group also known as Foxconn Technology Group, said on 28 May it may raise wages in China by 20 percent after a series of suicides at the world's largest contract manufacturer of electronics.
