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RTNominal down4.860 -0.040 (-0.816%)

02/05/2024 15:01

{I-bank focus}Citi raises Melco Int'l Dev (00200) to HKD8.4

[ET Net News Agency, 2 May 2024] Citi raised the target price for Melco Int'l Dev
(00200) to HKD8.4 from HKD8.2 and maintained the "buy" rating.
The research house said key downside risks that could impede the stock from reaching the
target price include (1) operational (escalating labour costs); (2) execution (further
delay in achieving market share projections); (3) Chinese government's policy towards
Macao; (4) competitive threats from gaming facilities opening/closing in the rest of the
region; and (5) ongoing impact of the Covid-19 pandemic on tourism and visitation. (rc)

Remark: Real time quote last updated: 23/07/2024 14:31
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