CICC Upgrades Melco Resorts & Entertainment to Outperform From Neutral, Price Target Is $8.20

MT NewswiresApr 20 19:59 · Ratings

CICC: Maintains Outperform Industry rating for Melco International Development (00200) with a target price of HKD 5.60.

The bank upgraded the rating of Melco Resorts & Entertainment (MLCO.US) to Outperform and maintained the target price at $8.20.

Zhitong FinanceApr 20 09:23 · Ratings

UBS Group forecasts that Macau's gaming industry EBITDA will increase by 10% year-on-year to USD 2.1 billion in the first quarter.

UBS Group issued a research report stating that Macau's gaming revenue in the first quarter remained flat quarter-on-quarter, growing 14% year-on-year to reach USD 8.14 billion. This was driven by a 1% quarter-on-quarter and 13% year-on-year increase in mass market gaming revenue, alongside a 6% quarter-on-quarter decline but a 23% year-on-year rise in VIP gaming revenue. UBS estimates that Sands China (01928.HK), Wynn Macau (01128.HK), and Melco Resorts (MLCO.US) saw their mass market share increase quarter-on-quarter, while SJM Holdings (00880.HK), MGM China (02282.HK), and Galaxy Entertainment (00027.HK)

AASTOCKSApr 16 10:19

Citi Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $10.5

Futu NewsApr 13 19:31 · Ratings

Melco Holdings Raises FY Net View to Y8.05B

Dow JonesApr 13 14:40

Citi: Cut target prices for Galaxy Entertainment (00027), MGM China (02282), and SJM Holdings (00880); raised target price for Sands China (01928).

The bank believes that Macao possesses sustainable operating cash flow and an attractive dividend yield (expected dividend yield for Hong Kong-listed companies in fiscal year 2026 is 5-7%), warranting greater attention from investors.

Zhitong FinanceApr 13 14:22 · Ratings