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Research Report

15/01/2020 14:41

{I-bank focus}Goldman raises Wynn Macau (01128) to HK$25.4

[ET Net News Agency, 15 January 2020] Goldman Sachs raised its target price for Wynn
Macau (01128) to HK$25.4 from HK$20.6 and maintained its "buy" rating.
The research house sees upside to Macau's mass-market GGR especially in Cotai as the
launch of Light Rail Transit (LRT) last December and the scheduled completion of the
high-speed rail extension to Hengqin Island by mid-2020 will likely draw more inbound
visitation via the Lotus bridge border gate and accelerate GGR shift from Peninsula to
Among the six Macau operators, Wynn has moderate exposure in Cotai contributing 53% of
group EBITDA in 2019. (KL)

Remark: Real time quote last updated: 28/02/2020 11:15
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