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CLSA: WYNN MACAU (01128.HK) 1Q Results In Line; TP 5.7
Recommend 9 Positive 7 Negative 7 |
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CLSA said in a research report that WYNN MACAU (01128.HK)'s 1Q results were in line with expectations. Property EBITDA rose 11% YoY to HKD2.18 billion, 1% above the broker's forecast but 6% below market expectations. WYNN MACAU raised its 2027 capital expenditure guidance from USD425 millionUSD475 million to USD700 millionUSD750 million, mainly due to the addition of 432 hotel rooms under the "The Enclave" project at Wynn Palace. The 2026 capital expenditure guidance was maintained at USD400 millionUSD450 million. Management expects the project will not cause significant disruption to operations. CLSA maintained a Hold rating on WYNN MACAU with a TP of 5.7. (hc/j) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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