Wednesday, September 16, 2009

SJM Rises to Record on Increased Casino Market Share

Sept. 16 (Bloomberg) -- SJM Holdings Ltd., controlled by billionaire Stanley Ho, rose to a record in Hong Kong today after saying yesterday that its share of the casino market in Macau rose in the first half even as revenue fell.
SJM climbed 8.6 percent to HK$4.57 in Hong Kong, the highest since its trading debut in July 2008. The stock has more than doubled this year, compared with a 49 percent gain in the city’s benchmark Hang Seng Index.

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