the parts analysis. Upside risks are: a stronger than anticipated recovery in Las Vegas, improving consumer sentiment and its 56% ownership stake in MGM China. Downside risks are: balance sheet and liquidity risks proving worse than expected, continued Strip competition, and continuing near-term softness in

till expansion) Chinese gov't announced it intends to double the solar power generation capacity in next 5 years (solar Polysilicon names dropped) MGM China rose on its first day of trading in Hong Kong after raising $1.5B (maximum it had sought in ipo) (trading +6%) Huaneng Renewables (wind power unit

aner/ Gerning Expiry Property Land Expky Galaxy Jun-22 Galaxy Macau 2034 MPEL Jun-22 Studio City 2026 Altira 2031 City of Dreams 2033 MGM China Mar-20 MGM Grand 2031 MGM Cotai 2037 Sands China Jun-22 Sands Macau 2028 Venetian Macau 2032 Four Seasons 2032 Parisian 2032 Sands Co