WYNN MACAU News

J.P. Morgan: Macau's gambling revenue for the first eight days of December has slowed down as expected, with GALAXY ENT being the top choice for next year.

JPMorgan released a research report stating that the top choice among Macau Casino stocks for next year is GALAXY ENT (00027), with a "Shareholding" rating and a Target Price of HKD 48, reflecting its unique profit drivers and a low enterprise value multiple (EV/EBITDA) of 9 times. After that, WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282) are also expected to perform well (these three companies share the same ranking), followed by SJM HOLDINGS (00880), and lastly, MELCO INT'L DEV (00200). The report mentioned that the gross gaming revenue for Macau for the first eight days of December was 4.5 billion Macau patacas (down...

Sina Hong Kong stocksDec 10 22:01 ET

[Brokerage Focus] JPMorgan expects Q4 Macau Gambling revenue to increase by 3% to 4% quarter-on-quarter, with GALAXY ENT (00027) as the top pick.

Jinwu Financial News | JPMorgan released a research report indicating that the gross gaming revenue in Macau for the first eight days of December was 4.5 billion (Macau Pataca, the same below), which corresponds to a daily average of 0.562 billion Patacas, a 9% decrease compared to the average daily gaming revenue in November, but within expectations. During this period, the gross gaming revenue from the mass market business was about 105% of the pre-pandemic level, while VIP rooms recovered to about 20% to 23%. Although growth in gaming revenue is expected to slow in December, a quarterly increase of 3% to 4% is still anticipated for the fourth quarter, reaching the highest level in 20 quarters, and this growth momentum is believed to support the industry in meeting the general expectations for the fourth quarter and this fiscal year.

Golden Security Financial News.Dec 10 21:53 ET

J.P. Morgan: Macau's Gambling revenue for the first eight days of December is expected to slow down month-on-month. The preferred choice for next year is GALAXY ENT (00027).

Morgan Stanley's order of stock selection for Macau Casino next year is GALAXY ENT (00027), WYNN MACAU (01128), SANDS CHINA (01928), and MGM CHINA (02282) (three companies ranked equally), followed by SJM HOLDINGS (00880) and MELCO INT'L DEV (00200).

Zhitong FinanceDec 10 21:22 ET

Is It Time To Consider Buying Wynn Macau, Limited (HKG:1128)?

Simply Wall StDec 10 17:01 ET

Wynn Macau Sets Annual Cap at HK$1.17 Billion for IP License Payments in 2025

MT NewswiresDec 10 06:52 ET

Hong Kong stocks move | Macau casino stocks generally rise as Goldman Sachs expects synchronized growth in inbound and outbound tourism in mainland China next year, bullish on the industry benefiting from policy support.

Macau casino stocks generally rose. As of the time of writing, Sands China (01928) increased by 4.13% to 21.45 HKD; Galaxy Ent (00027) rose by 2.21% to 37.05 HKD; MGM China (02282) went up by 0.9% to 10.04 HKD; Wynn Macau (01128) increased by 0.67% to 6.04 HKD.

Zhitong FinanceDec 9 21:28 ET

Wynn Macau granted 4.983 million share options to five independent non-executive directors.

Wynn Macau (01128) announced that on December 5, 2024, the company granted 4.983 million share options (options) to five independent non-executive directors (grantees) under its share option plan adopted on May 25, 2023, to subscribe for a total of 4.983 million ordinary shares with a par value of HKD 0.001 each.

Sina Hong Kong stocksDec 5 19:36 ET

Wynn Macau Grants Stock Options to Directors

TipRanksDec 5 06:07 ET

Express News | Macau Says November Gambling Revenue up 14.9 Pct From a Year Earlier to 18.4 Bln Patacas

ReutersNov 30 23:45 ET

Jefferies Upgrades Wynn Macau (WYNMF) to a Buy

TipRanksNov 25 07:15 ET · Ratings

Macau Casino Revenue Is Improving, but the U.S. Election Results Have Clouded the Investor Outlook

Seeking AlphaNov 19 13:44 ET

Wynn Macau (HKG:1128) Stock Falls 6.6% in Past Week as Five-year Earnings and Shareholder Returns Continue Downward Trend

Simply Wall StNov 17 19:31 ET

HK stocks fluctuate | Macau casino stocks generally fell today. Gambling revenue in November may significantly decline month-on-month. Large institutions say retail remains weak.

Macau casino stocks fell today, as of the time of publication, Sands China (01928) fell by 5.11%, closing at HK$19.5; Galaxy Ent (00027) fell by 4.17%, closing at HK$34.45; mgm china (02282) fell by 4%, closing at HK$9.59; wynn macau (01128) fell by 4.06%, closing at HK$5.67.

Zhitong FinanceNov 12 01:57 ET

Morgan Stanley: Latest rating and target price of Macau casino stocks (table). Galaxy Ent (00027) was the only market share growth in October.

Galaxy Ent (00027) saw a 4 percentage point increase in market share in October to 21%, the only Macau gaming enterprise to achieve market share growth during the period. Management attributed this to the concert held by the movie star Andy Lau during the National Day Golden Week.

Zhitong FinanceNov 12 01:39 ET

Morgan Stanley: Upgrades galaxy ent to "Outperform" with a target price of HK$50.7.

Morgan Stanley released a research report stating that galaxy ent (00027) recorded a 50% year-on-year increase in mid-stage gambling revenue during the October gold period, exceeding competitors such as mgm china (02282), mgm resorts international, and wynn macau (01128). In response, the bank slightly raised the target price for galaxy ent by about 0.2%, from HK$50.6 to HK$50.7, with a rating of "outperform the market". The report pointed out that galaxy ent's total gambling revenue has recovered to 71% of the 2019 level, with VIP, mid-stage gambling, and slot machine revenues recovering to 17%, 115%, and 104% respectively. In addition, non-gambling.

Sina Hong Kong stocksNov 8 04:21 ET

Macau casino stocks rose, with Wynn Macau (01128) up 2.52%. Total consumer spending by tourists in the first three quarters increased by 8% annually. However, Goldman Sachs believes that Macau's gambling revenue growth will slow down in the future.

Kin Wu Financial News | Macau casino stocks collectively rise, Wynn Macau (01128) up by 2.52%, Paradise Ent (01180) up by 2.2%, Melco Int'l Dev (00200) up by 1.76%, Sands China (01928) up by 1.66%, MGM China (02282) up by 1.37%. According to statistics from the Macau Special Administrative Region government's Statistics and Census Service, total consumer spending by tourists in the first three quarters of 2024 increased by 8% year-on-year to 56.21 billion Macau patacas, mainly driven by a significant 30.1% growth in tourist arrivals in the first three quarters compared to the same period last year. Among these, total consumer spending by overnight tourists and non-overnight tourists

Golden Guard Financial NewsNov 7 20:44 ET

[Brokerage Focus] Soochow Securities (Hong Kong) maintains a 'buy' rating on Wynn Macau (01128), indicating that its third-quarter performance is below expectations.

King's Financial News | Soochow Securities (Hong Kong) issued a research report, stating that wynn macau (01128) 3Q24 performance fell short of expectations, achieving operating income of 0.87 billion US dollars during the period (lower than the consensus expected 0.89 billion US dollars), recovering to 81.2% of the same period in 2019; The company's adjusted property EBITDAR for 3Q24 was 0.26 billion US dollars, a decrease of 6.2% compared to the previous quarter, recovering to 87.3% of 2019, with profit recovery speed faster than revenue recovery speed. The bank pointed out that 3Q24 achieved a gaming revenue of 0.88 billion US dollars, recovering 70.4% from the same period in 2019. Among them, VIP/mass market (including slot machines) revenue

King Guard Financial NewsNov 6 22:15 ET

Hong Kong stock announcement: Yuexiu Property's subsidiary successfully won the Gondudu Temple site in Haidian District, Peking with 6.3825 billion yuan.

Guoquan (02517) plans to repurchase H股 using up to 0.1 billion Hong Kong dollars.

Zhitong FinanceNov 5 09:59 ET

Wynn Macau Downgraded to Hold From Buy at HSBC

TipRanksNov 5 05:15 ET · Ratings

Daiwa: Wynn Macau rated as "shareholding", with a target price of 8 Hong Kong dollars.

Morgan Stanley released a research report stating that Wynn Macau (01128) underperformed expectations in the third quarter, with property EBITDA at 0.263 billion US dollars, a 6% quarterly decrease, lower than the bank's and market expectations. This was due to a mere 10 basis points increase in market share and an 8% quarterly drop in retail rents. However, management noted a 30% year-on-year increase in Golden Week betting volumes, and the bank believes the current company valuation is attractive, with a target price of 8 Hong Kong dollars and a 'shareholding' rating.

新浪港股Nov 5 03:29 ET