00200 MELCO INT'L DEV
- 5.670
- -0.180-3.08%
MELCO INT'L DEV News
Hong Kong stock market volatility | Macau casino stocks fell today, Sands China (01928) fell more than 3%, and daily Macau gambling revenue has slowed down.
Today, the shares of Macau casinos fell across the board. As of press time, Sands China (01928) fell by 3.5%, with a price of HKD 17.62. Melco International Development (00200) fell by 3.42%, with a price of HKD 5.65. Wynn Macau (01128) fell by 2.33%, with a price of HKD 6.71.
In June, the total revenue of Macau's gambling industry is estimated to be between 17.5 billion to 18 billion yuan. MGM China and Wynn Macau are the preferred choices in the industry.
According to a research report released by Morgan Stanley, the preference order for Macau casino stocks is mgm china (02282) and wynn macau (01128), with target prices of HKD18.5 and HKD11 respectively. Both are rated as "shareholding." The next is Sands China (01928), with a target price of HKD26 and a rating of "shareholding." Then there is Galaxy Entertainment (00027), rated as "neutral" with a target price of HKD43. Next is SJM Holdings (00880), with a target price of HKD3.3 and a rating of "neutral." Finally, Melco int'l dev (00200) has a target price of HKD5 and is rated as "reduce."
A HK$544m Drop in the Market Cap of Melco International Development Limited (HKG:200) Is Not What Insiders Like to See After Purchasing Shares Recently
Key Insights Insiders appear to have a vested interest in Melco International Development's growth, as seen by their sizeable ownership The largest shareholder of the company is Yau Lung Ho with a 5
Macau Gaming Industry Association: Raising the threshold for free snacks will help control costs and have little impact on the revenue of gaming companies.
According to Song Weijie, the chairman of the Macau Gaming Association, raising the threshold for free snacks at casinos may have an impact on the revenue of the casino companies, but it is not expected to be significant.
In the first ten days of June, the gambling revenue reached 6.5 billion Macau dollars. MGM China (02282) and Wynn Macau (01128) are preferred options according to Goldman Sachs.
JPMorgan released a research report stating that the adjusted total gambling income (GGR) for the first 10 days of June in Macau was 6.5 billion yuan per day, with a total GGR of 65 billion yuan (MOP equivalent), equivalent to the daily income in May. This level is better than normal due to the two weekends and the Dragon Boat Festival holiday covered during this period. It is believed that the gambling revenue data for this month will be strong, maintaining the forecast of 18 billion yuan in gambling revenue for June. The bank's top picks are MGM China (02282) and Wynn Macau (01128), followed by Sands China (01928), and Galaxy Entertainment (00027).
Hong Kong stock market fluctuations | MGM China (02282) fell more than 4% and led the decline of Macau casinos. Morgan Stanley stated that Macau gaming revenue met expectations but EBITDA performance did not meet expectations.
Macau casino stocks collectively fell. As of press time, MGM China (02282) dropped 4.68%, to HKD 13.86; Melco Int'l Dev (00200) dropped 4.09%, to HKD 5.86; Wynn Macau (01128) dropped 4.07%, to HKD 6.84; Galaxy Ent (00027) dropped 3.29%, to HKD 38.25.
China's Lottery Sales Jump Over 20% in April
China's April lottery tickets spiked 10.2% over the year to 55.46 billion yuan, according to a report from the General Affairs Department on Tuesday.
Melco International Development Unit's Board OKs New $500 Million Share Buyback Program
Melco International Development (HKG:0200) unit Melco Resorts' board approved a new $500 million share repurchase program, according to a Monday filing on the Hong Kong bourse. The program will run fo
[Brokerage Focus] Zhongtai predicts that the recovery trend of the Macau gambling industry will continue and the performance of gambling enterprises will gradually improve.
Zhongtai securities released research reports saying that the gross revenue of Macao gambling in May was MOP 20.2 billion, which has recovered to 77.8% of the same period in 2019, a decrease of 0.8 percentage points compared with the previous month, mainly due to the impact of weather on the May Day golden week passenger flow. The bank pointed out that the gambling industry is still in the recovery stage, and the recovery trend of passenger flow is obvious, and the demand side is more certain. The bank expects that the strong recovery momentum of Macao's gambling industry will continue, and the performance of gambling companies will gradually improve. Sands China Ltd. (01928) is continuously recommended, as the company is the leader in Macao gambling industry, with gambling tables, hotels, shopping centers, etc.
Melco Int'l Dev (00200.HK) received an additional shareholding of 413,000 shares from Chairman and CEO Lawrence Ho Yau Lung.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on May 29, 2024, Melco Int'l Dev (00200.HK) received an increase in shareholding of 413,000 shares by executive director Lawrence Ho (Chairman and CEO) at an average price of HKD 6.3158 per share on the exchange, involving approximately HKD 2.6084 million. After the shareholding increase, Lawrence Ho's latest shareholding number increased from 961,911,970 shares to 961,925,270 shares, and the shareholding ratio increased from 63.39% to 63.42%.
Melco Int'l Dev (00200) subsidiary has been approved for a new $500 million share buyback program.
Melco Int'l Dev (00200) released an announcement that, after the trading hours on June 3, 2024, its subsidiary...
Gaming stocks rose collectively, MGM China (02282) rose 4.03% in May, Macau's gaming revenue increased nearly 30% year on year
Jinwu Financial News | Macau's gaming revenue in May hit a record high since the pandemic. Gaming stocks rose collectively. MGM China (02282) rose 4.03%, Galaxy Entertainment (00027) rose 2.67%, Macau International Development (00200), Aobo Holdings (00880), and Wynn Macau (01128) rose 2.11%, and Sands China (01928) rose 1.72%. According to data published on the website of the Macau Gaming Inspection and Coordination Bureau, Macau's gaming revenue in May exceeded MOP 20 billion, an increase of nearly 30% over the previous year, and an increase of more than 8% month-on-month, a record high since January 2020. First 5 months
Express News | Macau Says May Gambling Revenue up 29.7 Pct From a Year Earlier to 20.2 Bln Patacas
Citibank: The latest target price for Macau gaming stocks (table) reaffirms optimism about the prospects of the industry
According to Citigroup, all gaming operators in Macau agree that Macau's gaming revenue is still expected to grow.
Is Melco International Development (HKG:200) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' When we think about how risky a company is, we always like
Zheshang Securities: Currently in an upward cycle, the gaming industry is expected to double hit Davis
The Zhitong Finance App learned that Zhishang Securities released a research report saying that judging from a historical review, the gaming industry's valuation and revenue growth rate are basically the same, showing that Davis double hit the market, and companies with stronger profitability can enjoy higher valuation premiums. At present, Macau Gaming's valuation level is still at a historically low level, and the midfield business leading the recovery trend has been gradually verified. It is expected that it will continue to follow the path of “passenger flow recovery → boosting midfield business with higher profit levels → rise in the valuation center” in the future. In terms of individual stocks, Zheshang Securities believes that it mainly grasps three investment ideas: 1) Starting in '23, the pace of midmarket recovery has been leading the way in the small but American standard, which has led the industry,
Macau International Development (00200.HK) received 283,000 shares from Chairman and CEO Ho Yulong
Glonghui, May 13 | According to the latest equity disclosure data from the Stock Exchange, on May 7, 2024, Melco International Development (00200.HK) was granted an increase of 283,000 shares by Executive Director Ho Yu-lung (Chairman and Chief Executive Officer) at an average price of HK$6.167 per share on the market, involving approximately HK$1,7453 million. After the increase in holdings, Ho Yulong's latest shareholding was 955,636,970 shares, and the shareholding ratio increased from 62.99% to 63.01%.
Melco International Development (00200.HK) received 553,000 shares from Chairman and CEO Ho Yulong
Glonghui, May 6 | According to the Stock Exchange's latest equity disclosure data, on April 30, 2024, Melco International Development (00200.HK) received an increase of 553,000 shares by Executive Director Ho Yulong (Chairman and Chief Executive Officer) at an average price of HK$5.9429 per share on the market, involving approximately HK$3.286,400. After the increase in holdings, Ho Yulong's latest shareholding was 953,753,970 shares, and the shareholding ratio increased from 62.85% to 62.88%.
Melco International Unit Teams Up With John Keells on $1 Billion Sri Lanka Resort Project
Melco International's (HKG:0200) subsidiary, Melco Resorts & Entertainment, signed a collaboration with John Keells for an integrated resort development project in central Colombo, Sri Lanka worth ove
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 7% to lead gaming stocks with 121,000 visitors on the first day of Macau's May 1st Golden Week
Gaming stocks were strong in early trading. As of press release, MGM China (02282) rose 7.93% to HK$6.4; MGM China (02282) rose 4.07% to HK$13.82; Wynn Macau (01128) rose 2.74% to HK$7.51; and Wynn Macau (01928) rose 2.87% to HK$7.52.
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