M Idea Gaming, Lodging and Real Estate | Asia Pacific October 11, 2024 05:11 PM GMT TWA#41: Is Shanghai Shining? Luxury mall visit in Shanghai revealed oversupply but resiliency. Golden Week in Macau was strong, but 3Q margin could disappoint, and EBITDA revision for 2024/25 is negative. Could MoF press conference (Oct 12) change that? Prefer Sands, Godrej and Phoenix. But, Macau 3Q EBITDA will drop by 8% QoQ, resulting in negative revisions for 2024/25 estimates. HK Property residential sentiment is improv ...