SJM Holdings Limited
0880Company Overview
Macau Gaming Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group”) are the leading owners, operators and developers of Macau casinos and integrated entertainment resorts. The Company's main subsidiary, Australian Entertainment Integrated Resort Co., Ltd. (“Australian Entertainment General”), is one of the six companies in Macau that have been granted a gaming management license, and has been authorized by the Macau Special Administrative Region (“Macau”) government to operate casinos and gaming areas. Macau Entertainment Comprehensive is also the only entertainment and gaming underwriting company with roots in Macau. Macau Entertainment Group owns and operates the Lisboa Integrated Resort, Grand Lisboa Hotel and Casino, and other casinos located in important locations in Macau. Its operations cover casino gaming and a variety of leisure facilities and hotel services, including hotel accommodations, fine and casual dining, shopping, health and spa facilities, and venues for conferences, events and cultural exhibitions to meet the needs of a wide range of guests. The Group's Upper Lisboa Integrated Resort in Cotai has the Upper Lisboa Hotel Building and THE KARL LAGERFELD Hotel Building, which provide luxury hotel rooms and suites, as well as a variety of hotel services. More new facilities will be launched in Upper Lisboa, including a new hotel building, Palazzo Versace Macau.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | SJM Holdings Limited |
| Ticker | 0880 |
| Main Business | Resorts & Casinos |
| Type | Common Stock |
| Industry | Resorts & Casinos |
| Country | HK |
| Market Cap | $2.25 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Betting business | $8,700.0 | $8,700.0 | Betting |
| Hotel, restaurant, retail and leasing business | $666.5 | $666.5 | Hotelrestaurant |
| Interest income | $0.0 | $0.0 | - |
| Total | $9,366.5 | $9,366.5 | 50.00% (failed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $124,448,717.9 | 5.54% |
| long term bank loan | $1,829,487,179.5 | 81.37% |
| other loans non current liabilities | $257,692,307.7 | 11.46% |
| convertible notes and bonds | $1,398,717,948.7 | 62.21% |
| Total Interest-Bearing Debt | $3,610,346,153.8 | 160.58% |
| Market Capitalization | $2,248,333,333.3 | 100.00% |
| Compliance Status | Threshold: 33% | failed |