Daisy Ho invests $3M in SJM Holdings bonds amid Macau's casino rebound
Daisy Ho, chairperson of SJM Holdings, has personally invested in the company's debt. She acquired around $3 million in corporate bonds issued by SJM International Limited. The transactions took place over several days in early March 2024.
The bonds purchased by Ho are 6.5% senior notes set to mature in 2031. She completed the deal through three separate transactions between 6 March and 10 March.
Analysts suggest multiple possible reasons for the move. A strategic motive could involve reinforcing her family's influence over SJM Holdings, where she holds a leadership role. The purchase might also signal confidence in the company's plans to expand its casino operations into Japan. Another factor could be the timing—Macau's gaming sector is recovering after COVID-19, and the bonds may offer strong returns. Financial considerations may have played a part too. The bonds provide an attractive yield, allowing Ho to diversify her investments with high-interest debt. Tax efficiency could be another driver, especially if regulatory shifts in the gaming industry are on the horizon.
Ho's $3 million bond acquisition adds to her stake in SJM International Limited. The investment aligns with both personal financial strategy and broader business interests. The move comes as Macau's casino market continues its post-pandemic rebound.
