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<Research>HSBC Research Lifts Melco Resorts & Entertainment (MLCO.US) TP to US$8.5 as 3Q Overseas Results Beat
Recommend 2 Positive 6 Negative 1 |
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Melco Resorts & Entertainment (MLCO.US)'s 3Q25 Macau property EBITDA, on a luck adjusted basis, was largely in line with the expectations of HSBC Global Research/ market, HSBC Global Research issued a research report saying. Based on the broker's estimations, the reinvestment rate was roughly flattish QoQ, and management also said that operating expenses were stable. Based on the better-than-expected overseas results, HSBC Global Research lifted its target price for Melco Resorts & Entertainment from US$7.8 to US$8.5, with rating kept at Hold. AASTOCKS Financial News Website: www.aastocks.com |
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