---
title: "Huatai Securities downgraded WYNN MACAU's rating to \"Buy,\" with a slight decrease in the target price to 6.7 yuan"
description: "Huatai Securities downgraded WYNN MACAU's rating to \"Buy,\" with a slight decrease in the target price to 6.7 yuan. The report pointed out that the second-quarter financial report of Wynn Resorts showe"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/252582316.md"
published_at: "2025-08-12T01:28:10.000Z"
---

# Huatai Securities downgraded WYNN MACAU's rating to "Buy," with a slight decrease in the target price to 6.7 yuan

> Huatai Securities downgraded WYNN MACAU's rating to "Buy," with a slight decrease in the target price to 6.7 yuan. The report pointed out that the second-quarter financial report of Wynn Resorts showed weak performance in the Macau segment, with gaming revenue flat and EBITDA profits declining, putting short-term profitability under pressure. Although management has a positive outlook for the future and plans to invest $750 million to enhance competitiveness, the downgrade is due to bottlenecks in customer attraction strategies and non-gaming layouts

Huatai Securities published a report stating that Wynn Macau (01128.HK) parent company Wynn Resorts (WYNN.US) released its second-quarter financial report on August 7 in the Eastern U.S., showing weak performance in its Macau segment, which led to a 7.4% decline in Wynn Macau's stock last Friday (August 8). Gaming revenue remained flat year-on-year and quarter-on-quarter, while mass market gross revenue fell 3% quarter-on-quarter, and recovery outside of the mass market was weaker than the industry. VIP turnover decreased by 7% quarter-on-quarter, with a win rate of only 2.97%, compared to 3.54% in the same period last year. EBITDA profit declined year-on-year and quarter-on-quarter, indicating potential short-term profit pressure.

The report noted that management is optimistic about the future, stating that gaming revenue momentum improved in June and July, and plans to invest approximately $750 million from 2025 to 2026 to expand the Chairman's Club, renovate hotel rooms, and build a convention and entertainment center to enhance competitiveness in high-end and non-gaming sectors. Considering that the firm believes Wynn's mass market and high-end segments are both weak, reflecting bottlenecks in its customer attraction strategy and non-gaming layout, it downgraded Wynn Macau's rating to "Overweight." The target price was slightly reduced from HKD 6.8 to HKD 6.7

### Related Stocks

- [01128.HK - WYNN MACAU](https://longbridge.com/en/quote/01128.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 永利澳門在 2025 年第四季度調整後的税前收益下降 | 永利澳門 2025 年第四季度調整後的税前收益下降 | [Link](https://longbridge.com/en/news/275832737.md) |
| 宏利金融簡報：宣佈正常的股票回購計劃，約佔已發行和流通普通股的 2.5% | 宏利金融簡報：宣佈正常的發行人回購計劃，約佔已發行和流通普通股的 2.5% | [Link](https://longbridge.com/en/news/276381436.md) |
| 14:33 ETKeep Memory Alive 在第 30 屆 Power of Love 慈善晚會上表彰 Kenny Loggins，並邀請眾多明星出席 | Keep Memory Alive 在 2 月 14 日於 MGM Grand Garden Arena 舉辦的第 30 屆 Power of Love 晚會上向 Kenny Loggins 致敬。該活動匯聚了眾多明星，併為克利夫蘭診所 L | [Link](https://longbridge.com/en/news/276075313.md) |
| Unipol 的年度利潤躍升 37%，建議提高股息 | 意大利保險公司 Unipol 報告稱，2025 年全年利潤增長 36.8%，達到 15.3 億歐元（18 億美元），主要得益於其核心保險業務以及 BPER 和意大利桑德里奧銀行的貢獻。該公司提議每股派息 1.12 歐元，比去年增長 31.8 | [Link](https://longbridge.com/en/news/276418772.md) |
| 中國的極氪高端品牌進軍意大利汽車市場 | 中國電動車品牌極氪（Zeekr），隸屬於吉利控股集團，將於 2 月 19 日進入意大利市場，標誌着其在歐洲的最新發布。該公司計劃在春季交付其四款電動車型並開設零售網點，認為意大利是一個關鍵市場，因為對高端電動車的需求正在上升。極氪已經在德國 | [Link](https://longbridge.com/en/news/276364782.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.