Investment Daily Note

Wynn Macau (1128.HK)announced 1Q results ended 31 March 2016. For Macau operations, net revenues decreased 13.8% yoy. Adjusted Property EBITDA was down 9.9% yoy. Also, Macau government may impose possible phone betting ban next week, Wynn, Galaxy (27.HK)and SJM (880.HK)may be the most impacted.

FIH Mobile (2038.HK)announced a profit warning. It expects the interim results for the six months ending 30 June 2016 to record an approximately decline by 84.4% to 92.2% in consolidated net profit. It is estimated that stock price would consolidate in around HK$2.7.