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SJM Holdings ( (HK:0880) ) has issued an update.
SJM Holdings has completed the acquisition of Arc of Triumph Development Company Limited, the owner of L’Arc Hotel in Macau’s NAPE district, making the target group companies wholly owned subsidiaries of SJM Resorts. Following regulatory approval from Macau’s gaming authority, SJM Resorts has taken over direct operation of L’Arc Hotel’s accommodation, food and beverage, retail offerings and Casino L’Arc Macau, securing a prime position in one of the city’s most commercially productive entertainment areas, which the company expects will strengthen its Lisboa-branded network, improve customer circulation on the Macau Peninsula and support Macau’s broader goals as a global tourism and leisure centre.
The most recent analyst rating on (HK:0880) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on SJM Holdings stock, see the HK:0880 Stock Forecast page.
More about SJM Holdings
SJM Holdings Limited is a Macau-based gaming and hospitality group whose subsidiaries, including SJM Resorts, own and operate casinos, hotels, food and beverage outlets and retail facilities, with a strategic focus on prime locations within the Macau Peninsula’s high-performing entertainment and tourism clusters.
YTD Price Performance: -7.81%
Average Trading Volume: 16,298,593
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$17.61B
For an in-depth examination of 0880 stock, go to TipRanks’ Overview page.