This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerging-Market ADRs: Winners and Losers

3. Melco Crown Entertainment (MPEL) is a developer, owner and operator of casino gaming and entertainment resorts in Macau through subsidiary Melco Crown Gaming. It is among the six companies licensed to operate casinos in Macau. The stock leaped 9.5% last week.

Of the 16 analysts covering the stock, 69% recommend a buy while 25% rate it a hold. A Bloomberg consensus expects the stock to gain an average 2.6% to $14.34 in the upcoming 12 months.

Last week, the company completed the refinancing of its existing credit facilities relating to its projects City of Dreams and Altira. These two properties cover almost $1.2 billion consisting of an amortizing term loan facility for the equivalent of $800 million, and a revolving credit facility for the equivalent of $400 million. Additionally, JP Morgan is bullish on Macau gaming companies and has raised its price target for companies across the board. In June 2011, gaming revenue in Macau soared 52% to $2.6 billion from the year-ago month.

In a separate development, MPEL's efforts in environmental protection have been recognized by multiple awards in 2011. The company's flagship property, City of Dreams, is the First-In-Macau to receive the Indoor Environmental Quality Certification. Besides, the company's three hotels received the 2010 Macau Green Hotel Award.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
LDK $0.00 0.00%
CBD $16.28 0.00%
IBN $8.25 0.00%
JASO $7.99 0.00%
TSL $8.51 0.00%

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs