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HK Stock MarketDetailed Quotes
01128 WYNN MACAU
- 5.770
- +0.150+2.67%
Market Closed Mar 11 16:08 CST
30.32BMarket Cap11.34P/E (TTM)
5.800High5.480Low15.06MVolume5.580Open5.620Pre Close85.14MTurnover0.29%Turnover Ratio25.87P/E (Static)5.26BShares8.30052wk High-2.08P/B30.32BFloat Cap4.74052wk Low0.15Dividend TTM5.26BShs Float32.290Historical High0.075Dividend LFY5.69%Amplitude-1.540Historical Low5.653Avg Price400Lot Size2.60%Div YieldTTM1.30%Div Yield LFY
WYNN MACAU News
Macau Casino stocks fell with the market, and the gaming tax revenue in January decreased by 2% year-on-year.
Jinwu Financial News | Macau Casino stocks fell with the market, MELCO INT'L DEV (00200) down 2.35%, GALAXY ENT (00027) down 1.56%, SJM HOLDINGS (00880) down 1.21%, MGM CHINA (02282) down 1.09%, WYNN MACAU (01128) down 1.07%, SANDS CHINA LTD (01928) down 0.66%. The Macau SAR Financial Services Bureau announced that the data for the central accounts in January of this year showed that the gaming tax revenue in January was 7.189 billion Macau Patacas (same below), a slight year-on-year decrease of 2%. Including capital revenue, total revenue for January was 8.4 billion Hong Kong dollars.
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China International Capital Corporation: It is expected that Macau's total Gambling revenue in March will be at least 18.6 billion Macanese patacas, with a preference for MGM CHINA and GALAXY ENT.
CICC released a Research Report stating that Macau's total Gambling revenue in February this year was 19.7 billion patacas, a year-on-year increase of 6.8% and a month-on-month increase of 8.2%, exceeding market expectations of a year-on-year growth of 0.75%, and recovering to 77.8% of the level in February 2019. The average daily Gambling revenue during this period was 0.705 billion patacas, a year-on-year increase of 10.6% and a month-on-month increase of 19.8%. Among Macau's gambling stocks, MGM CHINA (02282) and GALAXY ENT (00027) are the preferred choices. CICC pointed out that after excluding the seasonal impact of the Spring Festival holiday, the overall average daily total Gambling revenue during January and February this year was 0.644 billion patacas.
Macau Casino stocks surged across the board, with MELCO INT'L DEV (00200) rising by 7.71%. Macau's gaming revenue in February increased by 6.8% year-on-year.
Jinwu Financial News | Macau Casino stocks are rising across the board, with MELCO INT'L DEV (00200) up 7.71%, WYNN MACAU (01128) up 6.13%, MGM CHINA (02282) up 4.45%, Sands China (01928) up 4.27%, GALAXY ENT (00027) up 3.29%, and SJM HOLDINGS (00880) up 2.48%. On the news front, the Macao Gaming Inspection and Coordination Bureau announced that in February, gaming revenue reached 19.744 billion Macau Patacas, a year-on-year increase of 6.8%; a month-on-month increase of 8.16%. In the first two months of this year, gaming revenue totaled 37.998 billion Macau Patacas.
Morgan Stanley: Assigns GALAXY ENT a "Market Perform" rating with a Target Price of HKD 37.5.
Morgan Stanley released a research report stating that it has given GALAXY ENT (00027) a "Market Perform" rating, with a Target Price of 37.5 Hong Kong dollars. According to Morgan Stanley, GALAXY ENT's performance last quarter was generally in line with expectations. After adjusting for winning rate factors, EBITDA for the last quarter grew by 5% quarter-on-quarter, which met expectations. Morgan Stanley mentioned that the group's total costs in the last quarter increased by 5% compared to the previous quarter, which is better than its competitor MGM CHINA (02282), but weaker than SANDS CHINA (01928) and WYNN MACAU (01128), with a total annual dividend of 1 Hong Kong dollar, meeting expectations. The firm pointed out that GALAXY ENT's reinvestment rate in the mass market increased by 0.9 percentage points quarter-on-quarter to 18.5%.
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Express News | Macau Says February Gambling Revenue up 6.8 Pct From a Year Earlier to 19.7 Bln Patacas
【Brokerage Focus】CITIC SEC indicated that Macau's GGR in February is expected to show a "long tail effect."
Jinwu Financial News | CITIC SEC stated that in the first seven days before the Spring Festival holiday in 2025 (from the first to the seventh day of the first lunar month), the total inbound passenger flow to Macau has recovered to 98% of the same period in 2019, consistent with the expectations for Q4 2024. However, due to the high proportion of family travel in the Macau tourism market during the Spring Festival holiday, the gambling market has been experiencing "crowded but not profitable" conditions, leading to a noticeable adjustment in the sector due to slightly weaker gambling data. The firm observed a significant warming in demand after the Spring Festival holiday, with February GGR expected to show a "long tail effect", predicting that the combined GGR for January and February will remain flat compared to the same period in 2024. The firm believes that the recent sector adjustment has fully reflected this.
Hong Kong stocks move | Macau Casino stocks rose in the morning, Sands China (01928) pays dividends for the first time in five years, and JPMorgan predicts that Macau's annual gaming revenue will grow by 2% year-on-year.
Macau Casino stocks rose in the morning session. As of the time of writing, Sands China (01928) is up 6.29%, quoted at 18.26 HKD; GALAXY ENT (00027) is up 5.42%, quoted at 31.1 HKD; WYNN MACAU (01128) is up 3.77%, quoted at 5.51 HKD; MGM CHINA (02282) is up 4.11%, quoted at 10.64 HKD.
Macau Casino stocks are strong, Sands China (01928) rose 5.94%. In January, the number of inbound tourists to Macau increased by 27.4% year-on-year.
King Wu Financial News | Macau Casino stocks are strong, Sands China (01928) rose 5.94%, GALAXY ENT (00027) rose 4.92%, WYNN MACAU (01128) rose 3.77%, MGM CHINA (02282) rose 3.72%, SJM HOLDINGS (00880) rose 2.93%, MELCO INT'L DEV (00200) rose 2.47%. According to news, the Statistics and Census Service of Macau showed that in January this year, the total number of inbound visitors was 3.647 million, an increase of 27.4% compared to the previous year. However, overnight visitors (2.155 million) and staying visitors (1.491 million) decreased.
J.P. Morgan: Forecasts that Macau's gambling revenue in February will be between 18.3 billion to 19.4 billion Macanese Patacas. Recommends GALAXY ENT and others.
JPMorgan released a Research Report forecasting that Macau's gambling revenue in February will range between 18.3 billion and 19.4 billion Macau patacas, reflecting a year-on-year decline of 1% to an increase of 5%. The bank believes that this year's total gambling revenue may only record low single-digit growth, currently predicting a year-on-year increase of 2%. It continues to list GALAXY ENT (00027) as the industry’s top choice.
Macquarie: It is expected that the total gambling revenue in February will be between 18.5 billion to 19.3 billion patacas. The preferred choice in the industry is GALAXY ENT.
Macquarie has released a Research Report stating a "Outperform Market" rating for GALAXY ENT (00027) and SANDS CHINA LTD (01928), with Target Prices set at HKD 48.8 and HKD 25.8 respectively. Currently, Macquarie's industry preference is for GALAXY ENT, and the attractiveness of SANDS is gradually improving as the impact of renovations diminishes. The firm analyzed the Macau Gambling market using third-party data and expects total gambling revenue in February to be between 18.5 billion and 19.3 billion patacas, implying a year-on-year decline of 1%-3% in gambling revenue for the first two months. The Macquarie Research Report indicates that third-party data shows the average daily gambling revenue in Macau last week was 7.
Macquarie estimates that total Gambling revenue in February will be between 18.5 billion and 19.3 billion Macau patacas, with GALAXY ENT (00027) being the industry preferred choice.
Give GALAXY ENT (00027) and SANDS CHINA LTD (01928) a "Outperform the Market" rating, with Target Prices of HKD 48.8 and HKD 25.8 respectively.
【Brokerage Focus】Soochow Securities (Hong Kong) maintains a "Buy" rating on WYNN MACAU (01128), indicating that the company's Q4 2024 performance exceeded expectations.
Jingwu Financial News | Soochow Securities (Hong Kong) released a Research Report indicating that WYNN MACAU (01128) achieved gaming revenue of 0.93 billion USD in Q4 2024, recovering 74.7% compared to the same period in 2019. Among them, VIP and mass market (including slot machines) achieved gaming revenue of 0.16 billion and 0.76 billion USD respectively, with quarter-on-quarter growth of 15.3% and 3.9%. The recovery levels returned to 29.7% and 110.1% of Q4 2019, with recovery degree increasing by 4.4 percentage points and 3.6 percentage points quarter-on-quarter. During the same period, under the Gaming Inspection Bureau's criteria, the industry VIP and mass market (including slot machines) recovered to 43.3% and 109.0% respectively, with recovery degree increasing by 1.
Major brokerage rating | Macquarie: Slightly raises the Target Price for WYNN MACAU to HKD 8.7, with last season's performance exceeding expectations.
Macquarie published a Research Report indicating that due to a win rate higher than the average level, WYNN MACAU's revenue for the fourth quarter of the 2024 fiscal year increased by 1.3% year-on-year, while adjusted EBITDA decreased by 1.4% year-on-year, both exceeding the bank's expectations by 5% and 11% respectively. Macquarie noted that both hotels under WYNN MACAU have launched smart gaming tables, and management believes this will help improve operational efficiency. Notably, for the fourth quarter of the 2024 fiscal year, the daily operating expense running rate increased by 1.2% year-on-year, and the bank expects WYNN MACAU's management to continue to strictly control operating costs to maximize profit margins. Additionally, Macquarie will adjust WYNN MACAU's revenue for the 2025 fiscal year.
Wynn Macau's Q4 Pre-Tax Earnings Fall
[Hong Kong Stock Connect] WYNN MACAU (01128) reported fourth-quarter Operating income of 0.3637 billion USD, a year-on-year decline of 5.83%.
Jinwu Financial News | WYNN MACAU (01128) announced that for the fourth quarter of 2024, WYNN MACAU's operating income is 0.3637 billion USD, a decrease of 22.5 million USD compared to 0.3862 billion USD in the fourth quarter of 2023, representing a year-on-year decline of 5.83%. The adjusted property EBIDTAR for the fourth quarter of 2024 is 0.1082 billion USD, while it was 0.1258 billion USD in the fourth quarter of 2023. The winning percentage of table games in the mid-market segment is 17.9%, which is lower than the 19.1% recorded in the fourth quarter of 2023. The winning percentage for VIP table games as a percentage of the turnover is 5.01.
WYNN MACAU (01128): The controlling Shareholder Wynn Resorts, Limited continues to show strong overall Business performance in the fourth quarter and throughout the year 2024.
WYNN MACAU (01128) announced that its controlling Shareholder, Wynn Resorts, Limited...
Wynn Macau Reports Unaudited 2024 Financial Results From Parent Company
MGM CHINA (02282) rose 4.43%, leading the Macau Casino sector. Morgan Stanley indicates that Macau Casino stocks have been over-corrected.
King Wu Financial News | MGM CHINA (02282) reported a 27.15% year-on-year increase in total revenue, driving the stock price up by 4.43%, leading the Macau Casino sector. Additionally, MELCO INT'L DEV (00200) rose by 3.38%, Sands China (01928) increased by 3.65%, SJM HOLDINGS (00880) went up by 3.43%, GALAXY ENT (00027) added 2.44%, and WYNN MACAU (01128) climbed by 1.95%. JPMorgan stated that it believes the Macau Casino stocks have been excessively corrected (down 12% year-to-date while the Hang Seng Index has risen by 6%), but before the market expectations are fully reset, establish.