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The latest update is out from SJM Holdings ( (HK:0880) ).
SJM Holdings has announced a connected transaction involving the acquisition of a portion of Hotel Lisboa for HK$529 million. This strategic move aims to expand Casino Lisboa’s operations by adding 7,504 square meters, enhancing its offerings for both VIP and mass-market patrons. The acquisition is expected to strengthen SJM Resorts’ competitive position on the Macau Peninsula and align with its long-term strategy to leverage its heritage brand and capture growth opportunities in Macau’s gaming market.
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 is a prominent player in the hospitality and gaming industry in Macau, primarily involved in the development and operation of casinos, hotels, and related facilities. It operates through its subsidiary, SJM Resorts, which is one of the six concessionaires authorized by the Macau Government to run casinos and gaming areas.
Average Trading Volume: 25,115,838
Technical Sentiment Signal: Hold
Current Market Cap: HK$24.57B
For an in-depth examination of 0880 stock, go to TipRanks’ Overview page.