MELCO INT'L DEV Stock Forum

Melco's financial performance is seen as risky, requiring thorough research before investing. Long-term share price weakness may indicate a need for a potential turnaround.

Insiders selling shares could be worrying, but high insider ownership may show the company is run for all shareholders. However, share sales and investment risks suggest Melco International Development may not be the best buy.

Core points:
Our new pecking order: MGM (2282.HK) = Wynn (1128.HK) > Sands (1928.HK) > Melco (MLCO.US, 200.HK) =Galaxy(27.HK)>SJM (880.HK).
We largely maintain our 2Q23 mass gross gaming revenue (GGR) projection of 89% of the 2Q19 level, given:
1) Continued staff hiring, alleviating of bottleneck of hotel rooms;
During the pandemic, all six gaming operators in Macao reduced their employee headcounts, resulting in a labor shortage in t...