"Big Banks" JP Morgan: Wynn Macau's quarterly results are unremarkable, valuation is attractive, maintain "Overweight"

AASTOCKS
2026.02.13 06:44

JP Morgan published a research report indicating that Wynn Macau (01128.HK) is expected to meet the bank's forecasts for Q4 2025, with an adjusted EBITDA of USD 287 million, roughly flat quarter-on-quarter, compared to JP Morgan's forecast of USD 285 million, and market share also in line with expectations.

The bank stated that the earnings conference call did not provide much incremental information, except for expressing confidence in the Lunar New Year as expected, consistent with industry peers. Morgan Stanley views the earnings announcement as a non-material event, given its attractive valuation (8 times enterprise value multiple, 9 times price-to-earnings ratio, free cash flow yield over 15%, and a dividend yield of 6 cents), especially considering the quality of its assets, maintaining an "Overweight" rating on Wynn Macau with a target price of HKD 8

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer