Latest Search
Quote
| Back Zoom + Zoom - Top | ||||
|
<Research>HSBC Research Lifts WYNN MACAU TP to $11.5 on Sustaining Growth, Margins Amid Competition
Recommend 9 Positive 23 Negative 6 |
||||
|
||||
|
WYNN MACAU (01128.HK) reported better-than-expected 1Q24 results, which is believed to be driven by better-than-expected revenue growth due to improved operating leverage, HSBC Global Research issued a research report saying. The report quoted management as saying that the Macau market has always been highly competitive, and disagreed that competition intensified. Hence, the Company remains focused on product and service quality to maintain growth and margin. Considering the Group's improved results, HSBC Global Research raised its 2024/ 2025 EBITDA forecasts by 12%/ 4%, and kept rating at Buy. HSBC Global Research also lifted its target price from $9.5 to $11.5. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
