Wynn Macau Ltd
01128: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$7.20 | Nzxsb | Xfcynwm |
Wynn Macau Share Price Rise Driven by Positive Outlook; Q4 Loss Is No Surprise
Our initial take on the release of Wynn Macau's and MGM China's fourth-quarter 2022 results today is that the guidance is favorable. We think the positive comments today from both Wynn Macau and MGM China should lift the Macao gaming sector as a whole. Wynn Macau's fourth-quarter adjusted negative EBITDA of HKD 59 million is largely expected. However, it's the solid January data that is likely driving its share price up more than 6% to HKD 8.88.