[ET Net News Agency, 28 July 2021] Citi lowered its target price for Melco Int'l Dev
(00200) to HK$14.5 from HK$16 and maintained its "buy" rating.
The research house said the 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 toward
Macau; and (4) competitive threats from gaming facilities opening/closing in the rest of
the region. (RC)