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Elen11 Typhoon Yagi, which was Asia's most powerful storm this year, left dozens dead in northern Vietnam and created widespread damage to infrastructure and factories. The typhoon made landfall on Saturday on Vietnam's northeastern coast, which is the manufacturing operations of domestic and foreign companies, including VinFast Auto ( NASDAQ: VFS ) and Apple ( AAPL ) suppliers Pegatrong and USI. Before slamming into Vietnam, Typhoon Yagi caused at least 20 deaths in the Philippines last week and four deaths in southern China.
Typhoon Yagi also disrupted tourism in Macau before and after its passage. Macau International Airport saw an aggregate of 41 flight cancellations on Thursday, and another 156 flights cancelled on Friday. In addition, ferry services between Macau and Shenzhen/Hong Kong were suspended throughout Thursday and at least a half day during Friday.
The Macau disruption will be a factor in the September gross gaming revenue numbers for Wynn Macau ( OTCPK:WYNMF ) ( OTCPK:WYNMY ) ( WYNN ), Sands China ( OTCPK:SCHYY ) ( OTCPK:SCHYF ) ( LVS ), MGM China ( OTCPK:MCHVF ) ( OTCPK:MCHVY ) ( MGM ), Galaxy Entertainment ( OTCPK:GXYEF ), SJM Holdings ( OTCPK:SJMHF ) ( OTCPK:SJMHY ), Melco Resorts & Entertainment ( NASDAQ: MLCO ), and Studio City International ( NYSE: MSC ). More on VinFast Auto VinFast Shares Are Little More Than Lottery Tickets; Sell Them Before They Fall To Zero VinFast Auto could benefit from Vietnam's electricity subsidies for EV charging stations VinFast cuts EV delivery outlook; delays North Carolina plant Seeking Alpha’s Quant Rating on VinFast Auto Historical earnings data for VinFast Auto.
